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High Tide (HITI) Stock Forecast, Price Target & Predictions

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HITI Stock Forecast

High Tide stock forecast is as follows: an average price target of $2.70 (represents a -8.78% downside from HITI’s last price of $2.96) and a rating consensus of 'Sell', based on 1 wall street analysts offering a 1-year stock forecast.

HITI Price Target

The average price target for High Tide (HITI) is $2.70 based on 1-year price targets from 1 Wall Street analysts in the past 3 months, with a price target range of $2.70 to $2.70. This represents a potential -8.78% downside from HITI's last price of $2.96.

HITI Analyst Ratings

Sell

According to 1 Wall Street analysts, High Tide's rating consensus is 'Sell'. The analyst rating breakdown for HITI stock is 0 'Strong Buy' (0.00%), 0 'Buy' (0.00%), 0 'Hold' (0.00%), 1 'Sell' (100.00%), and 0 'Strong Sell' (0.00%).

High Tide Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Feb 27, 2023Cantor Fitzgerald’sCantor Fitzgerald$2.70$1.3698.53%-8.78%

The latest High Tide stock forecast, released on Feb 27, 2023 by Cantor Fitzgerald’s from Cantor Fitzgerald, set a price target of $2.70, which represents a 98.53% increase from the stock price at the time of the forecast ($1.36), and a -8.78% decrease from HITI last price ($2.96).

High Tide Price Target by Period

1M3M12M
# Anlaysts---
Avg Price Target---
Last Closing Price$2.96$2.96$2.96
Upside/Downside-100.00%-100.00%-100.00%

In the current month, the average price target of High Tide stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to High Tide's last price of $2.96. This month's average price target is down NaN% compared to last quarter, and down NaN% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Feb 27, 2023Cantor FitzgeraldNegativeNegativeHold
Sep 16, 2022Cantor FitzgeraldNeutralNeutralHold
Jun 16, 2022Cantor FitzgeraldNeutralNeutralHold
Feb 22, 2022Cantor FitzgeraldNeutralNeutralHold

High Tide's last stock rating was published by Cantor Fitzgerald on Feb 27, 2023. The company gave HITI a "Negative" rating, the same as its previous rate.

High Tide Financial Forecast

High Tide Revenue Forecast

Oct 25Jul 25Apr 25Jan 25Oct 24Jul 24Apr 24Jan 24Oct 23Jul 23Apr 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Apr 21Jan 21Oct 20Jul 20Apr 20Jan 20Oct 19Jul 19
Revenue----------$118.14M$118.08M$108.25M$95.35M$81.03M$72.22M$53.87M$48.07M$40.87M$38.32M$26.83M$23.20M$19.57M$13.66M$11.41M$8.29M
Avg Forecast$158.02M$151.02M$141.93M$140.73M$135.17M$128.63M$126.46M$127.67M$125.91M$118.57M$117.04M$112.24M$99.73M$89.46M$77.91M$70.25M$52.34M$46.50M$41.11M$37.38M$24.00M$21.99M$18.46M$12.74M$14.38M$7.14M
High Forecast$159.92M$152.84M$143.64M$143.09M$137.51M$130.18M$127.99M$129.20M$126.18M$120.00M$118.45M$113.60M$100.35M$89.67M$78.10M$70.41M$52.47M$46.61M$41.21M$37.47M$24.06M$22.05M$18.50M$12.78M$14.42M$7.16M
Low Forecast$156.11M$149.20M$140.21M$138.37M$132.83M$127.08M$124.94M$126.13M$125.68M$117.14M$115.63M$110.89M$99.11M$89.24M$77.72M$70.08M$52.22M$46.39M$41.01M$37.29M$23.94M$21.94M$18.41M$12.71M$14.35M$7.12M
# Analysts11122111312111111111112111
Surprise %----------1.01%1.05%1.09%1.07%1.04%1.03%1.03%1.03%0.99%1.03%1.12%1.06%1.06%1.07%0.79%1.16%

High Tide's average Quarter revenue forecast for Jul 23 based on 1 analysts is $118.57M, with a low forecast of $117.14M, and a high forecast of $120.00M. HITI's average Quarter revenue forecast represents a 0.37% increase compared to the company's last Quarter revenue of $118.14M (Apr 23).

High Tide EBITDA Forecast

Oct 25Jul 25Apr 25Jan 25Oct 24Jul 24Apr 24Jan 24Oct 23Jul 23Apr 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Apr 21Jan 21Oct 20Jul 20Apr 20Jan 20Oct 19Jul 19
# Analysts11122111312111111111112111
EBITDA----------$6.17M$5.03M$4.74M$2.48M$907.00K$644.00K$-2.11M$8.22M$-1.64M$-8.09M$632.00K$9.08M$-440.00K$-1.45M$-11.76M$-3.42M
Avg Forecast$-20.01M$-19.13M$-17.98M$-17.82M$-17.12M$-16.29M$-16.02M$-16.17M$-15.95M$-15.02M$-14.82M$-14.22M$-8.79M$-7.88M$742.35K$-6.19M$-4.61M$-4.10M$-3.62M$-3.29M$-2.11M$-1.94M$-1.63M$-1.12M$-1.27M$-629.26K
High Forecast$-19.77M$-18.90M$-17.76M$-17.52M$-16.82M$-16.09M$-15.82M$-15.97M$-15.92M$-14.84M$-14.64M$-14.04M$-8.73M$-7.86M$890.82K$-6.17M$-4.60M$-4.09M$-3.61M$-3.29M$-2.11M$-1.93M$-1.62M$-1.12M$-1.26M$-627.74K
Low Forecast$-20.25M$-19.36M$-18.19M$-18.12M$-17.42M$-16.49M$-16.21M$-16.36M$-15.98M$-15.20M$-15.00M$-14.39M$-8.84M$-7.90M$593.88K$-6.20M$-4.62M$-4.11M$-3.63M$-3.30M$-2.12M$-1.94M$-1.63M$-1.13M$-1.27M$-630.76K
Surprise %-----------0.42%-0.35%-0.54%-0.31%1.22%-0.10%0.46%-2.01%0.45%2.46%-0.30%-4.69%0.27%1.29%9.28%5.43%

1 analysts predict HITI's average Quarter EBITDA for Jul 23 to be $-15.02M, with a high of $-14.84M and a low of $-15.20M. This is -343.23% lower than High Tide's previous annual EBITDA (Apr 23) of $6.17M.

High Tide Net Income Forecast

Oct 25Jul 25Apr 25Jan 25Oct 24Jul 24Apr 24Jan 24Oct 23Jul 23Apr 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Apr 21Jan 21Oct 20Jul 20Apr 20Jan 20Oct 19Jul 19
# Analysts11122111312111111111112111
Net Income----------$-1.57M$-3.86M$-52.50M$-2.72M$-8.28M$-7.35M$-4.18M$-1.75M$-12.27M$-16.84M$-1.72M$4.27M$-5.05M$-3.85M$-15.43M$-3.72M
Avg Forecast$3.92M$2.35M$783.54K-$-1.35M$-815.27K$-1.34M$-2.97M$-31.33M$-3.86M$-4.35M$-5.70M$-6.06M$-7.31M$-9.03M$-10.00M$-26.97M$101.42M$811.14K----$-24.31M-$-12.22M
High Forecast$3.98M$2.39M$795.82K-$-1.33M$-802.50K$-1.32M$-2.93M$-10.44M$-3.80M$-4.28M$-5.61M$-6.01M$-7.29M$-7.22M$-9.97M$-21.57M$101.74M$813.65K----$-24.23M-$-12.19M
Low Forecast$3.86M$2.31M$771.26K-$-1.37M$-828.05K$-1.36M$-3.02M$-62.66M$-3.92M$-4.42M$-5.79M$-6.11M$-7.33M$-10.83M$-10.03M$-32.36M$101.10M$808.59K----$-24.39M-$-12.26M
Surprise %----------0.36%0.68%8.66%0.37%0.92%0.74%0.15%-0.02%-15.12%----0.16%-0.30%

High Tide's average Quarter net income forecast for Oct 20 is -, with a range of - to -. HITI's average Quarter net income forecast represents a -100.00% decrease compared to the company's last Quarter net income of $4.27M (Jul 20).

High Tide SG&A Forecast

Oct 25Jul 25Apr 25Jan 25Oct 24Jul 24Apr 24Jan 24Oct 23Jul 23Apr 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Apr 21Jan 21Oct 20Jul 20Apr 20Jan 20Oct 19Jul 19
# Analysts11122111312111111111112111
SG&A----------$25.39M$27.15M$25.56M$22.50M$21.79M$21.05M$16.99M$15.23M$11.54M$10.52M$6.86M$5.12M$5.45M$5.21M$10.22M$6.54M
Avg Forecast$62.43M$59.66M$56.07M$55.60M$53.40M$50.82M$49.96M$50.44M$49.74M$46.84M$46.24M$44.34M$39.40M$35.34M$24.27M$27.75M$20.68M$18.37M$16.24M$14.77M$9.48M$8.69M$7.29M$5.04M$5.68M$2.82M
High Forecast$63.18M$60.38M$56.75M$56.53M$54.32M$51.43M$50.56M$51.05M$49.85M$47.41M$46.80M$44.88M$39.65M$35.43M$29.12M$27.82M$20.73M$18.42M$16.28M$14.80M$9.51M$8.71M$7.31M$5.05M$5.70M$2.83M
Low Forecast$61.68M$58.94M$55.39M$54.66M$52.48M$50.21M$49.36M$49.83M$49.65M$46.28M$45.68M$43.81M$39.15M$35.26M$19.41M$27.69M$20.63M$18.33M$16.20M$14.73M$9.46M$8.67M$7.27M$5.02M$5.67M$2.81M
Surprise %----------0.55%0.61%0.65%0.64%0.90%0.76%0.82%0.83%0.71%0.71%0.72%0.59%0.75%1.03%1.80%2.32%

High Tide's average Quarter SG&A projection for Jul 23 is $46.84M, based on 1 Wall Street analysts, with a range of $46.28M to $47.41M. The forecast indicates a 84.46% rise compared to HITI last annual SG&A of $25.39M (Apr 23).

High Tide EPS Forecast

Oct 25Jul 25Apr 25Jan 25Oct 24Jul 24Apr 24Jan 24Oct 23Jul 23Apr 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Apr 21Jan 21Oct 20Jul 20Apr 20Jan 20Oct 19Jul 19
# Analysts11122111312111111111112111
EPS----------$-0.02$-0.05$-0.84$-0.04$-0.14$-0.13$-0.07$-0.04$-0.30$-0.62$-0.06$0.30$-0.35$-0.26$-1.03$-0.27
Avg Forecast$0.05$0.03$0.01-$-0.02$-0.01$-0.02$-0.04$-0.39$-0.05$-0.05$-0.07$-0.07$-0.09$-0.07$-0.12$-0.15$1.25$0.01----$-0.30-$-0.15
High Forecast$0.05$0.03$0.01-$-0.02$-0.01$-0.02$-0.04$-0.13$-0.05$-0.05$-0.07$-0.07$-0.09$-0.07$-0.12$-0.15$1.25$0.01----$-0.30-$-0.15
Low Forecast$0.05$0.03$0.01-$-0.02$-0.01$-0.02$-0.04$-0.77$-0.05$-0.05$-0.07$-0.08$-0.09$-0.07$-0.12$-0.15$1.25$0.01----$-0.30-$-0.15
Surprise %----------0.39%0.76%11.23%0.48%1.91%1.05%0.48%-0.03%-29.99%----0.87%-1.79%

According to 1 Wall Street analysts, High Tide's projected average Quarter EPS for Oct 20 is -, with a low estimate of - and a high estimate of -. This represents a -100.00% decrease compared to HITI previous annual EPS of $0.30 (Jul 20).

High Tide Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
PETSPetMed Express$4.99$11.00120.44%Hold
HITIHigh Tide$2.96$2.70-8.78%Sell

HITI Forecast FAQ

Is High Tide a good buy?

No, according to 1 Wall Street analysts, High Tide (HITI) is considered a 'Sell'. The rating consensus is based on 0 'Strong Buy' and 0 'Buy' recommendations, accounting for 0% of HITI's total ratings.

What is HITI's price target?

High Tide (HITI) average price target is $2.7 with a range of $2.7 to $2.7, implying a -8.78% from its last price of $2.96. The data is based on 1 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will High Tide stock go up soon?

According to Wall Street analysts' prediction for HITI stock, the company can go down by -8.78% (from the last price of $2.96 to the average price target of $2.7), down by -8.78% based on the highest stock price target, and down by -8.78% based on the lowest stock price target.

Can High Tide stock reach $4?

HITI's average twelve months analyst stock price target of $2.7 does not support the claim that High Tide can reach $4 in the near future.

What are High Tide's analysts' financial forecasts?

High Tide's analysts financial forecasts for the fiscal year (Oct 2024) are as follows: average revenue is $517.93M (high $524.88M, low $510.97M), average EBITDA is $-65.597M (high $-64.715M, low $-66.477M), average net income is $-6.479M (high $-6.377M, low $-6.581M), average SG&A $204.62M (high $207.36M, low $201.87M), and average EPS is $-0.0799 (high $-0.0786, low $-0.0811). HITI's analysts financial forecasts for the fiscal year (Oct 2025) are as follows: average revenue is $591.69M (high $599.49M, low $583.89M), average EBITDA is $-74.939M (high $-73.951M, low $-75.926M), average net income is $7.05M (high $7.16M, low $6.94M), average SG&A $233.76M (high $236.84M, low $230.68M), and average EPS is $0.087 (high $0.0883, low $0.0856).

Did the HITI's actual financial results beat the analysts' financial forecasts?

Based on High Tide's last annual report (Oct 2022), the company's revenue was $356.85M, beating the average analysts forecast of $337.35M by 5.78%. Apple's EBITDA was $10.06M, missing the average prediction of $-22.118M by -145.47%. The company's net income was $-70.848M, beating the average estimation of $-32.399M by 118.67%. Apple's SG&A was $90.9M, missing the average forecast of $126.76M by -28.29%. Lastly, the company's EPS was $-1.13, beating the average prediction of $-0.361 by 212.70%. In terms of the last quarterly report (Apr 2023), High Tide's revenue was $118.14M, beating the average analysts' forecast of $117.04M by 0.94%. The company's EBITDA was $6.17M, missing the average prediction of $-14.823M by -141.65%. High Tide's net income was $-1.568M, missing the average estimation of $-4.348M by -63.93%. The company's SG&A was $25.4M, missing the average forecast of $46.24M by -45.08%. Lastly, the company's EPS was $-0.021, missing the average prediction of $-0.0536 by -60.83%