Analysts rate High Tide Inc. (HITI:NSD) with a Hold rating and a $5 target

STA Research
by: STA Research
Tide Inc

Based on the High Tide stock forecast from 2 analyst, the average analyst HITI stock price target is USD 5.73 over the next 12 months. High Tide Inc’s average analyst rating is Hold. Stock Target Advisor’s own stock analysis of High Tide stock is Very Bearish, which is based on 0 positive signals and 3 negative signals. At the last closing, High Tide stock price was USD 1.50High Tide stock price has changed by +0.09% over the past week, +0.00% over the past month and -78.23% over the last year.

STA Research just assigned High Tide with a Speculative Buy rating, and a 12 month target price of $5 per share on the company’s stock.


About High Tide Inc. (HITI:NSD):

High Tide Inc. is a retail-focused Tobacco & Cannabis corporation. The Company manufactures and distributes smoking accessories to wholesale and retail clients, as well as sells cannabis products to retail consumers. High Tide serves customers in Canada. High Tide Inc. was incorporated in 2018 and is headquartered in Calgary, Canada.


Most Recent Analysts Ratings for HITI’s stock:


What we like:

There is nothing we particularly like about HITI Stock’s fundamentals, as it is a pure speculative play.


What we don’t like:

Poor risk adjusted returns:

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns, the returns are unpredictable. Proceed with caution.

High volatility:

The total returns for HITI stock are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Below median dividend returns:

The average income yield of HITI stock over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.




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