On June 25, KushCo Holdings (KSHB) rose ~5%. So far, the stock has delivered a positive return in June. KushCo Holdings has gained as much as 4.2%. The stock has fallen ~13% in 2019. We’ll discuss analysts’ ratings and target price in June.
More analysts have provided coverage on the stock. The increase has been gradual over the past year. Eight analysts have a consensus “buy” rating in June—largely unchanged from the previous month. Among the six analysts, two recommended a “strong buy” compared to one analyst the previous month. Six analysts recommended a “buy” rating, which increased from four analysts the previous month.
The consensus target price on KushCo Holdings is $8.13 in June. The target price is significantly higher than the closing of $4.6 as of June 26. If the current prices converge with the consensus target, the potential upside would translate into a gain of ~76%. KushCo Holdings mainly operates in the US. The company received a boost this week. Illinois legalized marijuana for adult use.