
High Tide (HITI) Stock Forecast & Price Target
High Tide (HITI) Analyst Ratings
Bulls say
High Tide Inc. has achieved a notable increase in market share, with its Canna Cabana retail locations growing from 11% to 12% in Canada, indicating strong competitive performance in a growing sector. The company’s CabanaClub membership has also expanded significantly, reaching 1.9 million members, including a 20% quarter-over-quarter increase in ELITE subscribers, highlighting effective customer engagement strategies. Additionally, High Tide reported gross margins of 25.7%, showcasing improvements driven by its e-commerce initiatives, which contribute positively to overall financial health.
Bears say
High Tide Inc.'s second-quarter results indicate a revenue of $137.8 million, falling short of analyst expectations and reflecting a 3.3% quarter-over-quarter decline, despite an 11.1% year-over-year increase. Additionally, macroeconomic factors such as a potential economic downturn and consumer confidence weaknesses could adversely affect discretionary spending on cannabis products and accessories. Although High Tide reports growth metrics in same-store sales and retail revenue, underlying weaknesses in quarterly performance and external economic pressures contribute to a negative outlook for the stock.
This aggregate rating is based on analysts' research of High Tide and is not a guaranteed prediction by Public.com or investment advice.
High Tide (HITI) Analyst Forecast & Price Prediction
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