Aurora Cannabis stock falls after Q4 results but draws upgrade at Canaccord on potential growth [Seeking Alpha]
Aurora Cannabis Inc. - Common Shares (ACB)
Company Research
Source: Seeking Alpha
Aurora Cannabis stock falls after Q4 results but draws upgrade at Canaccord on potential growthSep. 21, 2022 11:27 AM ETAurora Cannabis Inc. (ACB)ACB:CABy:RavikashSA News EditorFabrice CabaudAurora Cannabis (NASDAQ:~8%ACB saw its FQ4net loss widendue to non-cash impairment charges, while net revenue fell with consumer cannabis net revenue, in particular, being hard hit.The increase in Canaccord's investment opinion is largely based on Aurora's stock price decline as of late, as ACB's Canadian and international medical platforms are close to supporting the stock price on a stand-alone basis at current levels, Bloomberg reported citing Canaccord analyst Matt Bottomley.Meanwhile, CIBC cut its price target on ACB to C$2.25 from C$2.50 and maintained a Neutral rating. CIBC analyst John Zamparo noted that ACB's international business (25%) was highly volatile but also the most important source of growth.Piper Sandler also cut the firm's price target on ACB to $3 from
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ACB
News
- Aurora Cannabis: Improved Financials, Limited Opportunity [Seeking Alpha]Seeking Alpha
- Aurora Cannabis Inc. (ACB) Suffers a Larger Drop Than the General Market: Key Insights [Yahoo! Finance]Yahoo! Finance
- Cannabis Beverages Global Strategic Business Report 2024: Market to Grow by $1.6 Billion by 2030 - Major Alcoholic Beverage Players Seek Role in the Market [Yahoo! Finance]Yahoo! Finance
- Green gold rush, Aurora Cannabis leads pot stock surge [BNN Bloomberg (Canada)]BNN Bloomberg
- CNN values your feedback [CNN]CNN
ACB
Analyst Actions
- 2/8/24 - CANACCORD
ACB
Sec Filings
- 3/1/24 - Form 6-K
- 2/16/24 - Form 6-K
- 2/8/24 - Form 6-K
- ACB's page on the SEC website