Greenlane Holdings Inc (GNLN) Falls Friday, But Analysts Call It A Strong Buy: Will This Pot Stock Take Off?

Friday, August 20, 2021 10:54 AM | InvestorsObserver Analysts

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Pot stock GNLN is falling back to earth Friday, decreasing 0.32%. InvestorsObserver is giving Greenlane Holdings Inc (GNLN) an Analyst Rating Rank of 75, meaning GNLN is ranked higher by analysts than 75% of stocks. The average price target for GNLN is $5.833 and analyst’s rate the stock as a Strong Buy.

Wall Street analysts are rating GNLN a Strong Buy today. Find out what this means to you and get the rest of the rankings on GNLN!
See Full GNLN Report

Why are Analyst Ratings Important?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement. InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

What's Happening With Greenlane Holdings Inc Stock Today?

Greenlane Holdings Inc (GNLN) stock has fallen -0.32% while the S&P 500 has gained 0.58% as of 10:49 AM on Friday, Aug 20. GNLN has fallen -$0.01 from the previous closing price of $2.19 on volume of 100,744 shares. Over the past year the S&P 500 has risen 30.89% while GNLN has fallen -17.11%. GNLN lost -$1.06 per share the over the last 12 months. Click Here to get the full Stock Report for Greenlane Holdings Inc stock.

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