High Tide (HITI) Stock Forecast, Price Target & Predictions
HITI Stock Forecast
High Tide stock forecast is as follows: an average price target of $2.70 (represents a -5.59% downside from HITI’s last price of $2.86) 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 -5.59% downside from HITI's last price of $2.86.
HITI Analyst Ratings
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
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Feb 27, 2023 | Cantor Fitzgerald’s | Cantor Fitzgerald | $2.70 | $1.36 | 98.53% | -5.59% |
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 -5.59% decrease from HITI last price ($2.86).
High Tide Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | - |
| Avg Price Target | - | - | - |
| Last Closing Price | $2.86 | $2.86 | $2.86 |
| 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 $2.86. This month's average price target is down NaN% compared to last quarter, and down NaN% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Feb 27, 2023 | Cantor Fitzgerald | Negative | Negative | Hold |
| Sep 16, 2022 | Cantor Fitzgerald | Neutral | Neutral | Hold |
| Jun 16, 2022 | Cantor Fitzgerald | Neutral | Neutral | Hold |
| Feb 22, 2022 | Cantor Fitzgerald | Neutral | Neutral | Hold |
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 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 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 | $156.72M | $149.86M | $140.93M | $140.40M | $135.20M | $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 | $157.79M | $150.88M | $141.89M | $142.17M | $136.57M | $129.51M | $127.32M | $128.54M | $126.18M | $119.38M | $117.84M | $113.01M | $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 | $155.64M | $148.83M | $139.97M | $138.62M | $133.37M | $127.75M | $125.59M | $126.79M | $125.68M | $117.75M | $116.24M | $111.47M | $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 |
| # Analysts | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 3 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 |
| 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 $117.75M, and a high forecast of $119.38M. 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 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 3 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 |
| 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 | $-13.81M | $-13.20M | $-12.42M | $-12.37M | $-11.91M | $-11.33M | $-11.14M | $-11.25M | $-11.09M | $-10.45M | $-10.31M | $-9.89M | $-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 | $-13.71M | $-13.11M | $-12.33M | $-12.21M | $-11.75M | $-11.26M | $-11.07M | $-11.17M | $-11.07M | $-10.38M | $-10.24M | $-9.82M | $-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 | $-13.90M | $-13.29M | $-12.50M | $-12.53M | $-12.03M | $-11.41M | $-11.22M | $-11.33M | $-11.12M | $-10.52M | $-10.38M | $-9.96M | $-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 % | - | - | - | - | - | - | - | - | - | - | -0.60% | -0.51% | -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 $-10.45M, with a high of $-10.38M and a low of $-10.52M. This is -269.22% lower than High Tide's previous annual EBITDA (Apr 23) of $6.17M.
High Tide Net Income Forecast
| Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 3 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 |
| 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 | $4.05M | $2.43M | $810.19K | - | $-1.22M | $-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 | $4.09M | $2.45M | $817.38K | - | $-1.20M | $-808.00K | $-1.33M | $-2.95M | $-10.44M | $-3.82M | $-4.31M | $-5.65M | $-6.01M | $-7.29M | $-7.22M | $-9.97M | $-21.57M | $101.74M | $813.65K | - | - | - | - | $-24.23M | - | $-12.19M |
| Low Forecast | $4.01M | $2.41M | $802.96K | - | $-1.23M | $-822.50K | $-1.35M | $-3.00M | $-62.66M | $-3.89M | $-4.39M | $-5.75M | $-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 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 3 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 |
| 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 | $61.91M | $59.20M | $55.68M | $55.47M | $53.41M | $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 | $62.34M | $59.61M | $56.06M | $56.17M | $53.96M | $51.16M | $50.30M | $50.78M | $49.85M | $47.16M | $46.55M | $44.65M | $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 | $61.49M | $58.80M | $55.30M | $54.77M | $52.69M | $50.47M | $49.62M | $50.09M | $49.65M | $46.52M | $45.92M | $44.04M | $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 $46.52M to $47.16M. The forecast indicates a 84.46% rise compared to HITI last annual SG&A of $25.39M (Apr 23).
High Tide EPS Forecast
| Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 3 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 |
| 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 | - | $-0.01 | $-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 | - | $-0.01 | $-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).
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 -5.59% from its last price of $2.86. 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 -5.59% (from the last price of $2.86 to the average price target of $2.7), down by -5.59% based on the highest stock price target, and down by -5.59% 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 $517.95M (high $521.94M, low $513.5M), average EBITDA is $-45.64M (high $-45.247M, low $-45.991M), average net income is $-6.345M (high $-6.288M, low $-6.401M), average SG&A $204.63M (high $206.2M, low $202.87M), and average EPS is $-0.0782 (high $-0.0775, low $-0.0789). HITI's analysts financial forecasts for the fiscal year (Oct 2025) are as follows: average revenue is $587.91M (high $592.73M, low $583.06M), average EBITDA is $-51.804M (high $-51.376M, low $-52.228M), average net income is $7.29M (high $7.36M, low $7.23M), average SG&A $232.27M (high $234.17M, low $230.35M), and average EPS is $0.0899 (high $0.0907, low $0.0891).
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 $-10.313M by -159.87%. 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%