Grove Collaborative price target raised to $2 from $1.50 at Canaccord

Canaccord raised the firm’s price target on Grove Collaborative (GROV) to $2 from $1.50 and keeps a Buy rating on the shares. The firm raised its target due to anticipating sales starting to stabilize and returning to consistent growth into FY26 and believes sales are on the cusp of returning to YOY growth as management adds new SKUs and categories to improve order economics.