
Urban-gro (UGRO) Stock Forecast & Price Target
Urban-gro (UGRO) Analyst Ratings
Bulls say
Urban-gro Inc is poised for growth due to its strategic partnerships with key hospitality providers and the potential for increased project acquisition, which may boost its market reach and project pipeline. The company has recently secured approximately $12 million in new contracts within the cannabis sector, indicating a rebound and robust momentum, while also advancing in its commercial segment with new contracts that strengthen its competitive position. Additionally, developments in various states, alongside anticipated improvements in financial reporting, support a positive outlook for Urban-gro as it capitalizes on opportunities within both the cannabis and broader commercial markets.
Bears say
Urban-gro Inc experienced a significant decline in revenue during the third quarter, reporting $9.9 million, which marked a nearly 50% year-over-year decrease and fell well short of projections. The revenue downturn was primarily driven by a 55% decline in the commercial segment and a 36% drop in cannabis-related operations, contributing to a substantial adjusted EBITDA loss of $2.4 million compared to an expected gain of $0.4 million. Additionally, uncertainty regarding the re-audit process, the cannabis market dynamics, and the political climate surrounding the upcoming Presidential elections have resulted in significant operational friction and loss of investor confidence, further exacerbating the company's financial challenges.
This aggregate rating is based on analysts' research of Urban-gro and is not a guaranteed prediction by Public.com or investment advice.
Urban-gro (UGRO) Analyst Forecast & Price Prediction
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