Glass House Brands (NYSE:GLAS) Earns Buy Rating from Analysts at Lake Street Capital

Equities researchers at Lake Street Capital initiated coverage on shares of Glass House Brands (NYSE:GLAS) in a research report issued on Monday. The firm set a “buy” rating and a $17.00 price target on the stock. Lake Street Capital’s target price indicates a potential upside of 45.65% from the company’s current price.

Other equities analysts have also issued reports about the company. Wall Street Zen upgraded Glass House Brands to a “sell” rating in a research report on Sunday. Zacks Research upgraded shares of Glass House Brands from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Finally, Weiss Ratings assumed coverage on shares of Glass House Brands in a research note on Wednesday, July 1st. They issued a “sell (d+)” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $17.00.

Glass House Brands Stock Performance

Shares of Glass House Brands stock opened at $11.67 on Monday. Glass House Brands has a 1 year low of $4.55 and a 1 year high of $13.93.

Glass House Brands Inc is a vertically integrated cannabis company focused on the cultivation, manufacturing, and distribution of cannabis products in California. The company operates greenhouse and processing facilities and serves both the medical and adult-use cannabis markets through its branded product portfolio and wholesale channels.

Its business includes growing cannabis, producing finished goods, and selling flower, pre-rolls, and other cannabis products under its own brands as well as through third-party partnerships.