Replies to post #1837 on Green Growth Brands Inc (GGBXF)

[pedro12]

Then again,so many of these " analysts" have been consistently wrong about forecasting this stock

[mikeggb]

That came out on Thursday - investors clearly respect his opinion with the stock doubling since then. No analysis to go along with just a price target, don’t let that noise phase you

[BillionBux]

Yet this was just published today.

https://marketrealist.com/2020/02/what-expect-green-growth-brands-q2-earnings/

Read the entire article by clicking link above. This is the important part,

February 18, 2020 - What to expect from Green Growth Brands.

Analysts’ recommendations

Analysts are bullish on Green Growth Brands before its second-quarter earnings. As of February 14, all three of the analysts that follow the stock recommend a “strong-buy” rating. On the same day, analysts’ consensus target price was 3.75 Canadian dollars, which implies a 12-month return potential of 706.5%. In January, Eight Capital lowered its target price from 5 Canadian dollars to 2 Canadian dollars.

Stock performance

As of February 14, Green Growth Brands was trading at 0.47 Canadian dollars, which implies a fall of 60.6% since it reported its first-quarter earnings on November 25. The weakness in the cannabis sector appears likely led to a fall in the company’s stock price. Meanwhile, the company’s stock has lost 41.9% of its stock value this year. Green Growth Brands has underperformed its peers and the ETFMG Alternative Harvest ETF (NYSE:MJ). Curaleaf Holdings (OTCMKTS:CURLF) has returned 2.3% YTD, while Cresco Labs (OTCMKTS:CRLBF) and Charlotte’s Web Holdings (NYSEARCA:CWEB) have fallen by 26% and 14.6%, respectively. MJ has also lost 4.0% of its stock value this year.

[BillionBux]

No worries https://marketrealist.com/2020/02/what-expect-green-growth-brands-q2-earnings/