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Stock impact report

Wall Street Analysts See High Tide (HITI) as a Buy: Should You Invest? [Yahoo! Finance]

High Tide Inc. - Common Shares (HITI) 
Company Research Source: Yahoo! Finance
Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about High Tide Inc. (HITI). High Tide currently has an average brokerage recommendation (ABR) of 1.25, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by four brokerage firms. An ABR of 1.25 approximates between Strong Buy and Buy. Of the four recommendations that derive the current ABR, three are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 75% and 25% of all recommendations. Check price target & stock forecast for High Tide here While the ABR calls for buying High Tide, it may not be wise to make an investment decision solely based on this information. Several stu Show less Read more
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