Oppenheimer analyst Brian Nagel maintained a Buy rating on GrowGeneration (NASDAQ:GRWG) Corp on Friday, setting a price target of $60, which is approximately 24.33% above the present share price of $48.26.
Nagel expects GrowGeneration Corp to post earnings per share (EPS) of $0.07 for the first quarter of 2021.
The current consensus among 7 TipRanks analysts is for a Moderate Buy rating of shares in GrowGeneration, with an average price target of $52.17.
The analysts price targets range from a high of $65 to a low of $40.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $55.01 million and a net profit of $5.1 million. The company's market cap is $2.64 billion.
According to TipRanks.com, Oppenheimer analyst Brian Nagel is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 37.2% and a 79.40% 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.