Urban-Gro (UGRO, Financial) has strengthened its ongoing collaboration with the renowned restaurant chain Fogo de Chao by securing three significant new contracts. The agreements include a full-scale construction project for a new establishment in Murray, Utah. Additionally, Urban-Gro will manage the construction of upcoming locations in Las Vegas, Nevada, and Rancho Cucamonga, California.
These latest contracts further Urban-Gro's involvement in Fogo de Chao's expansion efforts and signify the company's growing presence in the restaurant construction sector. The scope of work is set to commence immediately, with the majority of the financial impact expected to materialize by the third quarter of 2025.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for Urban-gro Inc (UGRO, Financial) is $3.00 with a high estimate of $3.00 and a low estimate of $3.00. The average target implies an upside of 404.20% from the current price of $0.60. More detailed estimate data can be found on the Urban-gro Inc (UGRO) Forecast page.
Based on the consensus recommendation from 2 brokerage firms, Urban-gro Inc's (UGRO, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Urban-gro Inc (UGRO, Financial) in one year is $2.31, suggesting a upside of 288.24% from the current price of $0.595. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Urban-gro Inc (UGRO) Summary page.
