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Home โบ Stocks โบ High Tide Inc. (HITI) Stock Forecast & Price Prediction Canada | NASDAQ | Healthcare | Pharmaceutical Retailers
$2.31
-0.04 (-1.70%)10 Quality Stocks Worth Considering Now
Researching High Tide (HITI) after the drop? Our ex-Goldman Sachs analyst reveals if it made our list of 10 oversold quality stocks with strong growth potential.
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Based on our analysis of 3 Wall Street analysts, HITI has a bullish consensus with a median price target of $4.50 (ranging from $4.50 to $4.50). Currently trading at $2.31, the median forecast implies a 94.8% upside. This outlook is supported by 5 Buy, 0 Hold, and 0 Sell ratings.
The most optimistic forecast comes from Scott Fortune at Roth MKM, projecting a 94.8% upside. Conversely, the most conservative target is provided by Scott Fortune at Roth MKM, suggesting a 94.8% upside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
These are the latest 20 analyst ratings and price targets for HITI.
Date | Firm | Analyst | Rating | Change | Price Target |
---|---|---|---|---|---|
Sep 18, 2024 | Roth MKM | Scott Fortune | Buy | Reiterates | $4.50 |
Mar 25, 2024 | Roth MKM | Scott Fortune | Buy | Reiterates | $4.50 |
Sep 18, 2023 | Roth MKM | Scott Fortune | Buy | Reiterates | $4.50 |
Jun 16, 2022 | Cantor Fitzgerald | Pablo Zuanic | Neutral | Maintains | $4.45 |
Mar 18, 2022 | Cantor Fitzgerald | Pablo Zuanic | Neutral | Maintains | $7.00 |
Jan 4, 2022 | Roth Capital | Buy | Initiates | $0.00 | |
Sep 13, 2021 | Roth Capital | Buy | Initiates | $0.00 |
The following stocks are similar to High Tide based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
High Tide Inc. has a market capitalization of $190.21M with a P/E ratio of -47.1x. The company generates $384.35M in trailing twelve-month revenue with a -1.3% profit margin.
Revenue growth is +11.2% quarter-over-quarter, while maintaining an operating margin of +1.1% and return on equity of -4.6%.
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Operates a leading cannabis retail company.
The company generates revenue through the production, distribution, and sale of marijuana and related accessories. It operates branded retail stores, an online platform for cannabis products, and a wholesale segment that supplies other retailers, providing a diversified income stream across medical and recreational markets.
Headquartered in Calgary, Alberta, High Tide has a significant presence in major Canadian cities and is expanding internationally. The company is well-positioned to adapt to regulatory changes and evolving consumer demands in the growing cannabis sector.
Healthcare
Pharmaceutical Retailers
1,750
Mr. Harkirat Grover
Canada
2021
High Tide Inc. (HITI) concluded the recent trading session at $2.37, signifying a -1.25% move from its prior day's close.
In the latest trading session, High Tide Inc. (HITI) closed at $2.37, marking no change from the previous day.
High Tide Inc. (HITI) closed at $2.37, reflecting a decline of 1.25% from the previous day's closing price.
High Tide's slight decline in stock price may indicate market volatility or investor sentiment shifts, potentially affecting future trading and investment decisions.
High Tide Inc. will open a new Canna Cabana store in Cornwall, Ontario, on May 12, 2025, increasing its total to 197 stores in Canada, including 81 in Ontario.
High Tide's new store opening increases its footprint in the growing cannabis market, potentially boosting revenue and market share, which can positively impact stock performance.
High Tide Inc. (HITI) closed at $2.37 in the latest trading session, with no change from the previous day.
High Tide Inc.'s stagnant price may indicate market uncertainty or lack of momentum, affecting investor sentiment and potential trading strategies.
High Tide Inc. (HITI) closed at $2.41, down 0.41% from the previous trading session.
High Tide Inc.'s slight decline in closing price may signal market sentiment or performance concerns, impacting investor confidence and future trading strategies.
High Tide Inc. reported CAD $6.8 million in retail gross revenues during the 2025 4/20 weekend, a 10% increase from the prior week. The company also held a $100,000 giveaway.
High Tide's 10% revenue increase during the significant 4/20 sales period highlights strong consumer demand, potentially boosting investor confidence and stock performance.
High Tide Inc. (HITI) closed at $2.38, down 0.42% in the latest trading session.
The slight decline in High Tide Inc.'s stock price indicates potential volatility or investor uncertainty, impacting market sentiment and future trading decisions.
Based on our analysis of 3 Wall Street analysts, High Tide Inc. (HITI) has a median price target of $4.50. The highest price target is $4.50 and the lowest is $4.50.
According to current analyst ratings, HITI has 5 Buy ratings, 0 Hold ratings, and 0 Sell ratings. The stock is currently trading at $2.31. Always conduct your own research and consider your investment goals before making investment decisions.
Wall Street analysts predict HITI stock could reach $4.50 in the next 12 months. This represents a 94.8% increase from the current price of $2.31. Please note that this is a projection by Wall Street analysts and not a guarantee.
The company generates revenue through the production, distribution, and sale of marijuana and related accessories. It operates branded retail stores, an online platform for cannabis products, and a wholesale segment that supplies other retailers, providing a diversified income stream across medical and recreational markets.
The highest price target for HITI is $4.50 from Scott Fortune at Roth MKM, which represents a 94.8% increase from the current price of $2.31.
The lowest price target for HITI is $4.50 from Scott Fortune at Roth MKM, which represents a 94.8% increase from the current price of $2.31.
The overall analyst consensus for HITI is bullish. Out of 3 Wall Street analysts, 5 rate it as Buy, 0 as Hold, and 0 as Sell, with a median price target of $4.50.
Stock price projections, including those for High Tide Inc., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.