Northland Securities analyst Greg Gibas maintained a Buy rating on Planet 13 Holdings (PLNHF) today and set a price target of $2.00. The company’s shares closed last Tuesday at $1.02.
According to TipRanks.com, Gibas has currently no stars on a ranking scale of 0-5 stars, with an average return of -32.4% and a 14.6% success rate. Gibas covers the Financial sector, focusing on stocks such as Accel Entertainment, KLDiscovery, and Trupanion.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Planet 13 Holdings with a $2.52 average price target.
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Based on Planet 13 Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $16.7 million and GAAP net loss of $1.72 million. In comparison, last year the company earned revenue of $4.89 million and had a GAAP net loss of $1.03 million.
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Planet 13 Holdings Inc operate as an integrated cannabis company based in Nevada, with cultivation, production and dispensary operations in Las Vegas. The company is focused on providing an unparalleled dispensary experience and optimizing cultivation efficiencies through its technology as the vanguard of cannabis.
