Craig-Hallum analyst Eric Des Lauriers reiterated a Buy rating on urban-gro (UGRO – Research Report) today and set a price target of $3.25. The company’s shares opened today at $2.01.
Des Lauriers covers the Consumer Defensive sector, focusing on stocks such as Turning Point Brands, Vita Coco Company, and Mama’s Creations. According to TipRanks, Des Lauriers has an average return of 9.6% and a 44.35% success rate on recommended stocks.
urban-gro has an analyst consensus of Moderate Buy.
Based on urban-gro’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $20.93 million and a GAAP net loss of $3.37 million. In comparison, last year the company earned a revenue of $12.37 million and had a GAAP net loss of $8.66 million
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urban-gro (UGRO) Company Description:
Urban-gro Inc is an agricultural solutions and ag-tech company focused on serving commercial cultivators around the world. It offers various equipment and products such as Pesticides & Equipment, Climate Control equipment, Fertigation products, Wastewater Treatment equipment and others.
