Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest announcement is out from High Tide ( (TSE:HITI) ).
High Tide Inc. has released preliminary guidance for its third fiscal quarter of 2025, anticipating record revenue and adjusted EBITDA surpassing analyst forecasts. The company expects a significant increase in same-store sales growth, marking its fastest rate in two years. This growth is attributed to its strong Canadian operations and recent expansion into Germany through the acquisition of Remexian Pharma GmbH. These developments position High Tide as a burgeoning global cannabis powerhouse, highlighting its underappreciated core business and strategic international growth.
The most recent analyst rating on (TSE:HITI) stock is a Buy with a C$4.50 price target. To see the full list of analyst forecasts on High Tide stock, see the TSE:HITI Stock Forecast page.
Spark’s Take on TSE:HITI Stock
According to Spark, TipRanks’ AI Analyst, TSE:HITI is a Neutral.
High Tide’s overall stock score reflects strong financial performance and strategic growth initiatives, particularly in the bricks-and-mortar segment and international expansion. However, valuation concerns due to negative earnings and challenges in the e-commerce segment temper the outlook. The company’s strategic moves in the German market and securing additional financing are positive, but regulatory uncertainties remain a risk.
To see Spark’s full report on TSE:HITI stock, click here.
More about High Tide
High Tide Inc. is a leading retail-forward cannabis enterprise focused on maximizing the value of cannabis. It operates through its subsidiary, Canna Cabana, which is the second-largest cannabis retail brand globally. High Tide’s operations span bricks-and-mortar retail, retail innovation, consumption accessories, brands, CBD, and wholesale distribution, with a significant presence in Canada and international markets.
YTD Price Performance: -23.01%
Average Trading Volume: 43,800
Technical Sentiment Signal: Buy
Current Market Cap: C$298.2M
See more insights into HITI stock on TipRanks’ Stock Analysis page.