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Pot Stock Greenlane Holdings Inc (GNLN) Drops 4.39% Friday; Analysts Call It A Strong Buy, Are They Wrong?

Friday, February 11, 2022 02:15 PM | InvestorsObserver Analysts

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Pot Stock Greenlane Holdings Inc (GNLN) Drops 4.39% Friday; Analysts Call It A Strong Buy, Are They Wrong?

Pot stock GNLN is falling back to earth Friday, decreasing 4.39%. Wall Street is positive on Greenlane Holdings Inc (GNLN). On average, analysts give Greenlane Holdings Inc a Strong Buy rating. The average price target is $4.86, which means analysts expect the stock to climb by 647.69% over the next twelve months. That average ranking earns Greenlane Holdings Inc an Analyst Rating of 73, which is better than 73% 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?

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 Greenlane Holdings Inc Stock Today?

Greenlane Holdings Inc (GNLN) stock is trading at $0.65 as of 2:13 PM on Friday, Feb 11, a decline of -$0.03, or -4.39% from the previous closing price of $0.68. The stock has traded between $0.65 and $0.71 so far today. Volume today is below average. So far 582,747 shares have traded compared to average volume of 944,177 shares. Click Here to get the full Stock Report for Greenlane Holdings Inc stock.

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