Why 1 Analyst Remains Optimistic About Aurora Cannabis [The Motley Fool]
Aurora Cannabis Inc. - Common Shares (ACB)
Company Research
Source: The Motley Fool
You might wonder what Cantor Fitzgerald analyst Pablo Zuanic is smoking. There's no question that Zuanic has been one of the biggest bulls for Aurora Cannabis ( NYSE:ACB upgraded the stock While Cowen analyst Vivien Azer just downgraded Aurora Cannabis, Zuanic continues to give the stock an overweight rating (equivalent to a buy recommendation). He even boosted his one-year price target for Aurora to .80 Canadian dollars from CA$.7, reflecting upside of around 8% from the current share price. Could Zuanic actually be right about Aurora? Image source: Getty Images. Where Zuanic is right In November, Zuanic wrote to investors that Aurora Cannabis was "overall in better shape than peers." That came on the heels of the company's abysmal fiscal first-quarter results Production capacity is the first item that comes to mind. Of course, Aurora is delaying the completion of construction on a couple of its facilities and won't scale up to the production capacity that it had planned on earlier.
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ACB
News
- Aurora Marks First Shipment of Medical Cannabis to the New Zealand Market [Yahoo! Finance]Yahoo! Finance
- Aurora Marks First Shipment of Medical Cannabis to the New Zealand MarketPR Newswire
- Aurora Cannabis (ACB) Moves 46.0% Higher: Will This Strength Last? [Yahoo! Finance]Yahoo! Finance
- Canadian cannabis stocks spike as U.S. reportedly set to reclassify marijuana [MoneySense]MoneySense
- MSOS: Best Play On U.S. Cannabis Regulations [Seeking Alpha]Seeking Alpha
ACB
Sec Filings
- 5/1/24 - Form 6-K
- 3/1/24 - Form 6-K
- 2/16/24 - Form 6-K
- ACB's page on the SEC website