Northland Securities analyst Michael Grondahl maintained a Buy rating on Greenlane Holdings Inc (GNLN – Research Report) today and set a price target of $9.00. The company’s shares closed last Monday at $3.40, close to its 52-week low of $3.15.
According to TipRanks.com, Grondahl is a 5-star analyst with an average return of 12.6% and a 54.4% success rate. Grondahl covers the Financial sector, focusing on stocks such as Front Yard Residential Corporation, Altisource Portfolio Solutions SA, and Health Insurance Innovations.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Greenlane Holdings Inc with a $9.00 average price target.
The company has a one-year high of $29.00 and a one-year low of $3.15. Currently, Greenlane Holdings Inc has an average volume of 265.7K.
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Greenlane Holdings, Inc. distributes and supplies vaporization products and accessories for vape shops and dispensaries. It offers packaging, rolling papers, grinders, glass products, and smoking accessories. The company was founded by Aaron LoCascio and Adam Schoenfeld on May 2, 2018 and is headquartered in Boca Raton, FL.