Roth Capital Starts urban-gro, Inc. (UGRO) at Buy, 'Cash is 60% of Market Cap for Profit Generator'

September 12, 2022 8:26 AM EDT
Get Alerts UGRO Hot Sheet
Price: $4.64 --0%

Rating Summary:
    3 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 10 | Down: 22 | New: 28
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Roth Capital analyst Brian White initiates coverage on urban-gro, Inc. (NASDAQ: UGRO) with a Buy rating and a price target of $6.00.

The analyst comments "We believe the recent sell-off in UGRO shares driven by cannabis industry dynamics provides an excellent entry point into a company that has shown the ability to generate profits while being an important partner for indoor farming companies that should benefit from the same secular growth opportunities. Additionally, the recent Emerald acquisition provides further customer diversification with added scale and resources required to more fully develop that franchise. We initiate with a Buy rating and a $6 price target."

For an analyst ratings summary and ratings history on urban-gro, Inc. click here. For more ratings news on urban-gro, Inc. click here.

Shares of urban-gro, Inc. closed at $3.27 yesterday.

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