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Do Analysts Expect Hydrofarm Holdings Group Inc (HYFM) Stock to Rise After It Has Risen 6.67% in a Month?

Friday, March 31, 2023 03:17 PM | InvestorsObserver Analysts

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Do Analysts Expect Hydrofarm Holdings Group Inc (HYFM) Stock to Rise After It Has Risen 6.67% in a Month?

Wall Street is positive on Hydrofarm Holdings Group Inc (HYFM). On average, analysts give HYFM a Buy rating. The average price target is $4.075, which means analysts expect the stock to increase by 131.53% over the next twelve months. That average ranking earns HYFM an Analyst Rating of 26, which is better than 26% of stocks based on data compiled by InvestorsObserver.

Overall Score - 3.7
Wall Street analysts are rating HYFM a Buy today. Find out what this means to you and get the rest of the rankings on HYFM!

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 Hydrofarm Holdings Group Inc Stock Today?

Hydrofarm Holdings Group Inc (HYFM) stock is lower by -2.22% while the S&P 500 has risen 1.1% as of 3:17 PM on Friday, Mar 31. HYFM is lower by -$0.04 from the previous closing price of $1.80 on volume of 161,307 shares. Over the past year the S&P 500 is lower by -9.61% while HYFM is lower by -88.38%. HYFM lost -$6.35 per share the over the last 12 months. Click Here to get the full Stock Report for Hydrofarm Holdings Group Inc stock.

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