Northland Securities analyst Michael Grondahl maintained a Buy rating on GrowGeneration (NASDAQ:GRWG) Corp on Tuesday, setting a price target of $55, which is approximately 49.17% above the present share price of $36.87.
Grondahl expects GrowGeneration Corp to post earnings per share (EPS) of $0.11 for the second quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Strong Buy rating of shares in GrowGeneration, with an average price target of $54.
The analysts price targets range from a high of $60 to a low of $45.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $90.02 million and a net profit of $7.74 million. The company's market cap is $2.17 billion.
According to TipRanks.com, Northland Securities analyst Michael Grondahl is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 28.6% and a 60.19% success rate.
GrowGeneration Corp. retails hydroponic and organic specialty gardening products. The company owns and operates a chain retail hydroponic and gardening stores and an online e-commerce store, HeavyGardens. Its stores sells various products, including organic nutrients and soils, advanced lighting technology, hydroponic and aquaponic equipment, and other products needed to grow indoors and outdoors. The company was founded by Darren Lampert and Michael Salaman on March 6, 2014 and is headquartered in Denver, CO.