In a report released today, Andrew Semple from Echelon Wealth Partners reiterated a Buy rating on High Tide (HITI – Research Report), with a price target of C$9.00. The company’s shares closed today at $1.69.
According to TipRanks, Semple is an analyst with an average return of -2.5% and a 30.15% success rate. Semple covers the Consumer Cyclical sector, focusing on stocks such as High Tide, Verano Holdings, and Green Thumb Industries.
High Tide has an analyst consensus of Strong Buy, with a price target consensus of $4.23.
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The company has a one-year high of $2.23 and a one-year low of $1.03. Currently, High Tide has an average volume of 223.5K.
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High Tide, Inc. operates as a counterculture chain, which engages in the manufacture and retail of cannabis accessories. The firm operates through the Wholesale and Retail business segments. Its brands include: Famous Brandz, RGR, Smoker’s Corner, Canna Cabana, KushBar, and Kush West. The company was founded by Harkirat Grover in 2009 and is headquartered in Calgary, Canada.
Read More on HITI:
- High Tide Reports Third Quarter 2023 Financial Results Featuring Positive Free Cash Flow of $4.1 Million and Fourth Consecutive Quarter of Record Revenue and Adjusted EBITDA of $124.4 Million and $10.2 Million, Respectively
- Options Volatility and Implied Earnings Moves Today, September 14, 2023
- HITI Upcoming Earnings Report: What to Expect?
- Qualcomm downgraded, Wingstop upgraded: Wall Street’s top analyst calls
- High Tide initiated with a Buy at Stifel
