Should I Buy HITI? HITI 2026 Analysis

Should You Buy High Tide Inc (HITI) Today? Analysis, Price Targets, and 2026 Outlook.

Conclusion

Hold

Latest Price

2.350

1 Day change

3.52%

52 Week Range

4.060

Analysis Updated At

2026/02/04

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Not a good buy right now: the prevailing trend remains bearish (SMA_200 > SMA_20 > SMA_5) and there is no Intellectia buy signal to override the setup.
Despite a solid Q4 revenue growth print, price action is still below the pivot (2.438) and near support; downside risk remains elevated if 2.238 breaks.
Options positioning is bullish-leaning (low put/call ratios), but it’s not translating into a confirmed trend reversal in the chart.

Intellectia Proprietary Trading Signals

AI Stock Picker: no signal on given stock today.
SwingMax: No signal on given stock recently.

Technical Analysis

Trend: Bearish structure with moving averages stacked negatively (SMA_200 > SMA_20 > SMA_5), suggesting rallies can be sold until proven otherwise.
Momentum: MACD histogram is negative (-0.0253) but contracting, implying downside momentum is weakening (early stabilization), not a confirmed reversal.
RSI(6): 37.10 (weak/near-oversold zone), consistent with a stock that’s been sold down; can bounce, but signal is not strong on its own.
Key levels: Pivot 2.438 (needs reclaim to improve near-term tone). Support S1 2.238 then S2 2.114. Resistance R1 2.639 then R2 2.763.
Pattern-based odds provided: mild next-day uptick potential, but negative bias over week/month (next month expectation skewed lower).

Options Data

Bullish

Open Interest Put-Call Ratio

Bullish

Option Volume Put-Call Ratio

Sentiment: Put/Call ratios are low (OI PCR 0.4; Volume PCR 0.2), which is typically bullish/“call-skewed” positioning.
Volatility: 30D IV ~80.99 vs historical vol ~38.41 (options pricing in large moves); however IV percentile 13.15 suggests current IV is low relative to its own history despite being high in absolute terms.
Activity: Today’s options volume 874 is ~~91% of 30D average (not a major spike), and open interest is modestly above average (~~104%), indicating no standout “new rush” into positioning.

Technical Summary

Sell

Buy

Positive Catalysts

- Earnings/news catalyst: Q4 Non-GAAP EPS reported at C$0.02 with revenue C$164.03M (+18.6% YoY), supporting a constructive fundamental narrative.
- Options market skew is bullish (low put/call), which can help support upside attempts if the chart reclaims key levels (notably 2.438+).
- Analyst remains constructive: Canaccord maintains a Buy rating (even with a slight target trim).

Neutral/Negative Catalysts

- Technical trend is still bearish (downtrend via moving averages); without a reversal confirmation, bounces can fail.
- Price is below pivot (2.438); failure to reclaim increases probability of revisiting 2.238 / 2.114 supports.
- Conflicting earnings framing in coverage (one item suggested an estimated revenue decline vs prior year), which can add uncertainty to near-term sentiment even after the reported growth headline.
- No supportive flow signals: hedge funds and insiders are neutral; no notable accumulation signals from these groups in the provided data.

Financial Performance

Latest quarter: 2025/Q4.
Revenue: C$164.03M, up +18.61% YoY (clear top-line growth).
Profitability: Net income improved YoY (less negative), but still negative at -C$45.64M (business not yet consistently profitable on GAAP net income).
EPS: -0.53 improved YoY (less negative), indicating progress but still loss-making on the provided EPS metric.
Gross margin: 22.49%, up +2.32% YoY (incremental margin improvement).

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

Most recent update (2026-02-02): Canaccord (Luke Hannan) maintained a Buy rating while slightly lowering the price target to C$7 from C$7.25.
Wall Street pro view (pros): maintained Buy suggests confidence in the longer-term story and operational progress.
Wall Street pro view (cons): target cut (even if small) implies tempered near-term expectations and/or risk recognition; combined with bearish technicals, it reduces the case for an aggressive buy “right now.”

1 Analyst Rating

Wall Street analysts forecast HITI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HITI is 7.5 USD with a low forecast of 7.5 USD and a high forecast of 7.5 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

1 Buy

0 Hold

0 Sell

Moderate Buy

Current: 2.270

Low

7.5

Averages

7.5

High

7.5

Current: 2.270

Low

7.5

Averages

7.5

High

7.5

Canaccord

Luke Hannan

Buy

downgrade

AI Analysis

2026-02-02

Reason

Canaccord

Luke Hannan

Price Target

AI Analysis

2026-02-02

downgrade

Buy

Reason

Canaccord analyst Luke Hannan lowered the firm's price target on High Tide to C$7 from C$7.25 and keeps a Buy rating on the shares.

Canaccord

Luke Hannan

resume

$7.25

2025-09-24

Reason

Canaccord

Luke Hannan

Price Target

$7.25

2025-09-24

resume

Reason

Canaccord analyst Luke Hannan resumed coverage of High Tide with a Buy rating and C$7.25 price target. The firm believes the company's retail-first model and 2.15M loyalty members provide \"superior\" unit economics and recurring traffic in competitive Canadian markets. High Tide's margin expansion from white-label brands and its international expansion are catalysts for the shares, the analyst tells investors in a research note.

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HITI Should I Buy

HITI Should I Buy

Should You Buy High Tide Inc (HITI) Today? Analysis, Price Targets, and 2026 Outlook.

Technical Analysis

Options Data

Technical Summary

Positive Catalysts

Neutral/Negative Catalysts

Financial Performance

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

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