RE:RE: GRN..the market is always pricing with an eye on the future valuatioin of a particular stock..in relation to Greenlane the valuation and price target that's being currently set by the analysts is largely based on what they currently know about the company's present earnings together with what they are able to forecast in the short term with whatever expectations that they may have.. the longer term growth expectations for this company cannot be predicted by these analysts with any degree of certainty given the sector, RNG, that it's in and what it's relative performance in the sector will be going forward..
..the RNG space is growing as an emerging tool for decarbonization as more states in the U.S. are proposing new legislation to support increased use of RNG, paricularly in large vehicles ..the European Renewable Energy Directive is certainly a positive step towards the large-scale take up of renewable gas in the next decade...no analyst can foresee what the future policy directives for the use of RNG will be especially given the accelerating rate of climate change and increasing public awareness of the threat it imposes..
Greenlane is a leader in the RNG space and as this space continues to expand so will it's valuation ...given that it's in partnership with both the Integrated Biogas Alliance which will give it important partners in the space together with a joint venture with SWEN Capital in Europe to build, own and operate RNG systems, the future for Greenlane looks bright..
If one is investing in the company for the long term then pay little attention to the analysts price targets..if your just trading the stock then perhaps these targets may have some use..