Analysts Think Green Thumb Industries Will Double Over the Next 12 Months. Here's Why They're Probably Wrong
The cannabis stock has a bright future, but could it really double in price over the next three months?
Overview
Green Thumb Industries (OTC: GTBIF) is one of the few profitable cannabis stocks. While its shares are down more than 6% so far this year, analysts have an average price target of $16 per share. That's more than double the stock's current price.
Could this cannabis stock double its price in the next 12 months? While that's possible, it's not very likely, barring an extraordinary external macro or regulatory shock. Let me explain why.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.