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

Wednesday, August 11, 2021 01:18 PM | InvestorsObserver Analysts
Analysts Are Bullish On This Pot Stock, Should You Roll With Greenlane Holdings Inc (GNLN) Wednesday?

Pot stock Greenlane Holdings Inc is lower by 2.81% Wednesday. 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 climb by 194.85% 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?

You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay attention to and ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers. InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.

What's Happening With Greenlane Holdings Inc Stock Today?

Greenlane Holdings Inc (GNLN) stock is lower by -2.81% while the S&P 500 is up 0.18% as of 1:15 PM on Wednesday, Aug 11. GNLN is down -$0.08 from the previous closing price of $2.67 on volume of 347,254 shares. Over the past year the S&P 500 has risen 33.33% while GNLN is down -18.24%. GNLN lost -$0.92 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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