Green Thumb Industries (OTCMKTS:GTBIF) Price Target Raised to C$31.00

Green Thumb Industries (OTCMKTS:GTBIFGet Rating) had its price target lifted by Stifel Nicolaus from C$30.50 to C$31.00 in a research note published on Thursday, The Fly reports.

Several other research analysts have also commented on the company. Cantor Fitzgerald raised their price target on Green Thumb Industries from $31.00 to $32.00 and gave the stock an overweight rating in a research report on Friday, October 28th. Cowen lowered their price target on Green Thumb Industries from $45.00 to $20.00 in a research report on Thursday, August 4th. Seaport Res Ptn restated a buy rating on shares of Green Thumb Industries in a research report on Friday, July 22nd. Roth Capital restated a buy rating on shares of Green Thumb Industries in a research report on Tuesday, July 19th. Finally, BTIG Research restated a buy rating on shares of Green Thumb Industries in a research report on Friday, October 28th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Green Thumb Industries has an average rating of Buy and a consensus price target of $34.40.

Green Thumb Industries Stock Performance

Shares of Green Thumb Industries stock opened at $12.25 on Thursday. The firm has a market capitalization of $2.89 billion and a price-to-earnings ratio of 34.03. Green Thumb Industries has a fifty-two week low of $7.72 and a fifty-two week high of $28.56. The stock has a 50 day moving average of $11.39 and a 200 day moving average of $11.16.

Green Thumb Industries (OTCMKTS:GTBIFGet Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.05. Green Thumb Industries had a return on equity of 5.20% and a net margin of 8.59%. The company had revenue of $254.31 million during the quarter, compared to analyst estimates of $246.37 million. Analysts forecast that Green Thumb Industries will post 0.34 EPS for the current year.

Green Thumb Industries Company Profile

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Green Thumb Industries Inc engages in manufacture, distribution, and sale of various cannabis products for medical and adult-use in the United States. It offers cannabis flower; and processed and packaged products, including pre-rolls, concentrates, vapes, tinctures, edibles, topicals, and other cannabis-related products under the Beboe, Dogwalkers, Doctor Solomon's, Good Green, incredibles, and RHYTHM brands.

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