Glass House Brands (NYSE:GLAS) Coverage Initiated by Analysts at Lake Street Capital

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

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

Glass House Brands Stock Performance

Shares of GLAS stock opened at $11.67 on Monday. Glass House Brands has a 52 week low of $4.55 and a 52 week 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.