Green Thumb Industries (OTCMKTS:GTBIF) Price Target Increased to $54.00 by Analysts at Canaccord Genuity

Green Thumb Industries (OTCMKTS:GTBIF) had its price target raised by equities research analysts at Canaccord Genuity from $52.00 to $54.00 in a research report issued on Thursday, The Fly reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price target would suggest a potential upside of 83.05% from the company’s previous close.

Several other brokerages have also commented on GTBIF. Needham & Company LLC restated a “buy” rating and issued a $47.25 price objective on shares of Green Thumb Industries in a report on Wednesday, March 31st. Roth Capital raised their price target on Green Thumb Industries from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, March 24th. Craig Hallum boosted their price objective on Green Thumb Industries from $55.00 to $60.00 in a report on Thursday, March 18th. Piper Sandler raised their target price on Green Thumb Industries from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Thursday, March 18th. They noted that the move was a valuation call. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and issued a $43.00 target price on shares of Green Thumb Industries in a research report on Thursday. Eleven investment analysts have rated the stock with a buy rating, Green Thumb Industries presently has a consensus rating of “Buy” and a consensus price target of $49.88.

Shares of Green Thumb Industries stock opened at $29.50 on Thursday. Green Thumb Industries has a fifty-two week low of $8.25 and a fifty-two week high of $39.11. The stock has a 50 day moving average of $29.36 and a 200 day moving average of $27.55.

Green Thumb Industries (OTCMKTS:GTBIF) last announced its quarterly earnings results on Tuesday, March 16th. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.05.

Green Thumb Industries Company Profile

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.

Featured Story: What are the benefits of momentum investing?

The Fly

Analyst Recommendations for Green Thumb Industries (OTCMKTS:GTBIF)

Receive News & Ratings for Green Thumb Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Thumb Industries and related companies with MarketBeat.com's FREE daily email newsletter.