High Tide

HITI · TSX

$2.59−$0.065 (−2.45%)TodayMarket closed · Oct 23, 5:11 PM ET

Prev close $2.66

HITI analyst rating

BuyConsensus of 1 analyst over the last 12 months. 100% rate it a buy.

Strong buy0
Buy1
Hold0
Underperform0
Sell0

12-month price target · 8 analysts

Average $4.61 (+78.2% upside)

Low: $2.89
Now: $2.59
High: $6.00

Upgrades and downgrades

The latest rating actions, newest first

HITI analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Canaccord Genuity	Mar 19, 2026	Maintains	Buy	$7.00 → $7.25	100%

The case for and against

Updated Dec 8, 2025

Bull case

High Tide Inc. has achieved a notable increase in market share, with its Canna Cabana retail locations growing from 11% to 12% in Canada, indicating strong competitive performance in a growing sector. The company’s CabanaClub membership has also expanded significantly, reaching 1.9 million members, including a 20% quarter-over-quarter increase in ELITE subscribers, highlighting effective customer engagement strategies. Additionally, High Tide reported gross margins of 25.7%, showcasing improvements driven by its e-commerce initiatives, which contribute positively to overall financial health.

Bear case

High Tide Inc.'s second-quarter results indicate a revenue of $137.8 million, falling short of analyst expectations and reflecting a 3.3% quarter-over-quarter decline, despite an 11.1% year-over-year increase. Additionally, macroeconomic factors such as a potential economic downturn and consumer confidence weaknesses could adversely affect discretionary spending on cannabis products and accessories. Although High Tide reports growth metrics in same-store sales and retail revenue, underlying weaknesses in quarterly performance and external economic pressures contribute to a negative outlook for the stock.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.