Green Thumb Industries Inc. (OTCMKTS:GTBIF) Receives Average Rating of “Buy” from Analysts
Shares of Green Thumb Industries Inc. (OTCMKTS:GTBIF) have been given a consensus rating of “Buy” by the nine research firms that are presently covering the firm, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a buy recommendation. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $35.88.
GTBIF has been the subject of a number of recent analyst reports. Echelon Wealth Partners restated a “buy” rating and issued a $38.00 price objective on shares of Green Thumb Industries in a research report on Wednesday. Craig Hallum raised their price target on Green Thumb Industries from $25.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, November 12th. Needham & Company LLC reaffirmed a “buy” rating and set a $39.00 price objective on shares of Green Thumb Industries in a report on Wednesday, January 6th. Canaccord Genuity increased their price objective on Green Thumb Industries from $27.00 to $34.00 and gave the stock a “buy” rating in a research report on Thursday, November 12th. Finally, Cantor Fitzgerald boosted their target price on shares of Green Thumb Industries from $29.00 to $35.00 and gave the stock an “overweight” rating in a research report on Thursday, November 12th.
Shares of OTCMKTS:GTBIF remained flat at $$29.35 during midday trading on Wednesday. 841,243 shares of the stock traded hands, compared to its average volume of 839,810. Green Thumb Industries has a 1-year low of $3.69 and a 1-year high of $30.06. The company’s 50-day moving average price is $23.36 and its 200 day moving average price is $16.62.
Green Thumb Industries Inc manufactures, distributes, and sells various cannabis products for medical and adult-use in the United States. It offers cannabis flower; and processed and packaged products, including concentrates, edibles, and topical and other cannabis products under the Rythm, Dogwalkers, The Feel Collection, incredibles, Dr.
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