Green Thumb Industries Inc. (OTCMKTS:GTBIF) Given Consensus Rating of “Moderate Buy” by Analysts

Green Thumb Industries Inc. (OTCMKTS:GTBIF – Get Rating) has been given an average rating of “Moderate Buy” by the thirteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $23.25.

Several equities analysts have issued reports on the company. Wedbush cut their target price on Green Thumb Industries from $18.00 to $12.00 in a research note on Friday, March 3rd. Cantor Fitzgerald dropped their price target on Green Thumb Industries from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 1st. Piper Sandler lowered Green Thumb Industries from an “overweight” rating to a “neutral” rating in a research note on Monday, February 27th. Stifel Nicolaus dropped their price target on Green Thumb Industries from C$31.00 to C$30.00 in a research note on Wednesday, February 8th. Finally, Benchmark restated a “buy” rating and set a $18.00 price target on shares of Green Thumb Industries in a research note on Wednesday, March 1st.

Green Thumb Industries Stock Performance

GTBIF stock opened at $8.05 on Friday. The firm has a fifty day moving average price of $8.31 and a 200 day moving average price of $10.31. Green Thumb Industries has a fifty-two week low of $7.40 and a fifty-two week high of $19.51. The firm has a market cap of $1.90 billion and a PE ratio of 201.30.

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.