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Analysts Are Bullish On This Cannabis Stock, Should You Roll With Greenlane Holdings Inc (GNLN) Friday?

Friday, July 30, 2021 03:34 PM | InvestorsObserver Analysts
Analysts Are Bullish On This Cannabis Stock, Should You Roll With Greenlane Holdings Inc (GNLN) Friday?

Greenlane Holdings Inc is a player in the cannabis industry that is lower by 2.75% Friday. Wall Street is positive on Greenlane Holdings Inc (GNLN). On average, analysts give the stock a Strong Buy rating. The average price target is $7.666, which means analysts expect the stock to gain by 116.55% over the next twelve months. That average ranking earns the stock an Analyst Rating of 75, which is better than 75% of stocks based on data compiled by InvestorsObserver.

Overall Score - 5
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!

Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With Greenlane Holdings Inc Stock Today?

Greenlane Holdings Inc (GNLN) stock is trading at $3.54 as of 3:13 PM on Friday, Jul 30, a drop of -$0.10, or -2.75% from the previous closing price of $3.64. The stock has traded between $3.48 and $3.66 so far today. Volume today is light. So far 108,715 shares have traded compared to average volume of 461,292 shares. Click Here to get the full Stock Report for Greenlane Holdings Inc stock.

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