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GrowGeneration Corp (GRWG) Falls Thursday, But Analysts Call It A Strong Buy: Will This Pot Stock Take Off?

Thursday, September 02, 2021 02:42 PM | InvestorsObserver Analysts

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GrowGeneration Corp (GRWG) Falls Thursday, But Analysts Call It A Strong Buy: Will This Pot Stock Take Off?

GrowGeneration Corp is a player in the cannabis industry that is lower by 0.99% Thursday. Wall Street is positive on GrowGeneration Corp (GRWG). On average, analysts give GRWG a Strong Buy rating. The average price target is $46.285, which means analysts expect the stock to rise by 46.19% over the next twelve months. That average ranking earns GRWG 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 GRWG a Strong Buy today. Find out what this means to you and get the rest of the rankings on GRWG!

Why are Analyst Ratings Important?

Analytical research by professionals can be extremely useful when making investment decisions in the stock market. Analysts are able to observe industries in detail and learn how geographical impacts can affect a company's balance sheet. This information allows investors to make decisions ahead of the curve. InvestorsObserver combines the ratings from these analysts and proceeds to percentile rank them. This grants you the ability to compare stocks in a comprehensive fashion as oppossed to a standard buy/hold/sell rating.

What's Happening With GrowGeneration Corp Stock Today?

GrowGeneration Corp (GRWG) stock is lower by -0.99% while the S&P 500 has risen 0.05% as of 2:41 PM on Thursday, Sep 2. GRWG has fallen -$0.31 from the previous closing price of $31.97 on volume of 1,003,249 shares. Over the past year the S&P 500 has risen 26.41% while GRWG has risen 101.78%. GRWG earned $0.31 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 103.3. Click Here to get the full Stock Report for GrowGeneration Corp stock.

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