Grove Collaborative price target lowered to $1.50 from $3 at Canaccord

Canaccord lowered the firm’s price target on Grove Collaborative (GROV) to $1.50 from $3 and keeps a Buy rating on the shares. The firm noted they reported Q2 results with lower sales as Management noted that the decline primarily reflects the lagging effects of reduced advertising investment in 2024 and prior years, which led to a smaller active subscriber base entering 2025.