
High Tide (HITI) Stock Forecast & Price Target
High Tide (HITI) Analyst Ratings
Bulls say
High Tide Inc demonstrated positive momentum in its Canadian cannabis retail market, with Canna Cabana locations increasing their market share to 12%, up from 11% in the previous quarter, indicating effective performance and growth. The company's membership in the CabanaClub reached 1.9 million, reflecting a significant increase from 1.76 million, and the number of ELITE subscribers rose to 97,000, showcasing a robust 20% quarter-over-quarter and 120% year-over-year growth. Additionally, the company's gross margins improved to 25.7%, rising by 80 basis points quarter-over-quarter, which, combined with strong same-store sales growth of 7.0%, positions High Tide favorably compared to other retailers in the market.
Bears say
High Tide Inc. reported revenues of $137.8 million for Q2'25, falling short of consensus estimates by approximately $0.7 million and reflecting a 3.3% quarter-over-quarter decline, indicative of challenges in maintaining consistent sales growth. While year-over-year revenue increased by 11.1%, the third quarter's weaker performance, combined with macroeconomic pressures such as potential economic downturns affecting consumer confidence, poses a risk to future purchasing behavior for discretionary products, including cannabis. Furthermore, despite achieving 6.2% year-over-year same-store sales growth and 16% year-over-year retail revenue growth, the overall trend suggests volatility that may hinder High Tide's ability to sustain its business momentum moving forward.
This aggregate rating is based on analysts' research of High Tide and is not a guaranteed prediction by Public.com or investment advice.
High Tide (HITI) Analyst Forecast & Price Prediction
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