Edible Garden AG (EDBL, Financial) is broadening its market reach by introducing its Kick. Sports Nutrition line at a major Midwest big-box retailer. This development is a significant component of the brand’s multifaceted sales strategy that encompasses both physical and digital distribution channels.
The addition of brick-and-mortar retail is pivotal for the company, allowing consumers to engage directly with their products in widely frequented stores. This significant retail presence is complemented by an impending online expansion through Amazon, Edible Garden’s dedicated e-commerce partner. The company is gearing up for this online market entry with support from Pirawna, a prominent e-commerce growth agency and Verified Amazon Partner.
With this dual-channel approach, Edible Garden seeks to leverage the benefits of physical retail experiences along with the extensive reach and targeting precision provided by Amazon’s online platform, aiming to build a robust and cohesive distribution framework for its Kick. Sports Nutrition brand.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Edible Garden AG Inc (EDBL, Financial) is $8.00 with a high estimate of $8.00 and a low estimate of $8.00. The average target implies an upside of 330.11% from the current price of $1.86. More detailed estimate data can be found on the Edible Garden AG Inc (EDBL) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Edible Garden AG Inc's (EDBL, 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 Edible Garden AG Inc (EDBL, Financial) in one year is $1.16, suggesting a downside of 37.63% from the current price of $1.86. 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 Edible Garden AG Inc (EDBL) Summary page.
