Green Thumb Industries
Green Thumb Industries (GTBIF) was one of the few cannabis companies (MJ) that received a coverage initiation from Seaport Global. The company received a “buy” rating from Seaport. Seaport also gave Aphria (APHA) and HEXO (HEXO) a “buy.” Seaport gave Canopy Growth (WEED) a “hold.” To learn more, read Seaport Global Initiated Coverage on CGC, APHA, ACB, and HEXO.
In February, analysts’ consensus recommendation for Green Thumb Industries was a “buy.” The overall recommendation month-over-month from nine analysts remained unchanged. However, two more analysts have initiated their coverage on the stock since January.
Among the six analysts, only one recommended a “strong buy,” while five recommended a “buy” on the stock. None of the analysts recommended a “hold” or “sell” on the stock. The number of analysts covering the stock can impact the accuracy of the recommendations.
The consensus target price for Green Thumb Industries in February was 27.8 Canadian dollars. The consensus target price is lower compared to 30.25 Canadian dollars in January. The target price is for the next 12-month period. As of March 1, the stock closed at 18.2 Canadian dollars, which would leave an upside of 52%.
Next, we’ll discuss the target price for KushCo Holdings (KSHB).