Quite the ContrastCanaccord is looking for 87% appreciation while Stifel sees a triple from here. GLTA
Canaccord Genuity’s Matt Bottomley cut his Green Thumb Industries Inc. to $43 from $46 with a “buy” rating, while Stifel’s Andrew Partheniou cut his target to $73 from $80 with a “buy” rating. The average is $51.63.
“Green Thumb Industries reported Q4/21 financial results that came in above our more muted top-line expectations (given sector-wide inflationary and wholesale pricing pressures anticipated for the period), while adj. EBITDA took a transient step back but maintained what is still a healthy margin profile (and above management’s previously communicated benchmarks),” Mr. Bottomley said.
“As one of the top players in the sector, we believe a premium valuation continues to be warranted.”