12 Sep

Here’s the Consensus Target for Aurora Cannabis in September

WRITTEN BY Adam Jones

Aurora Cannabis

Aurora Cannabis (ACB) (ACBFF), unlike other cannabis stocks (HMMJ) such as Canopy Growth (CGC) (WEED), Aphria (APHQF), and Cronos Group (CRON), has delivered a negative return so far this year. Aurora Cannabis closed 1% higher on September 11 at 9.09 Canadian dollars. Let’s look at how this compares to its price target below.

Here’s the Consensus Target for Aurora Cannabis in September

Analysts’ recommendation

First, let’s look at the consensus recommendation for Aurora Cannabis. Overall, the consensus is a “buy” on this stock for the next 12 months. This recommendation remained unchanged from last month. As we see in the above chart, two analysts have a “strong buy” on the stock, which was one more analyst than last month.

However, the number of analysts recommending a “buy” and a “hold” rating remained unchanged month-over-month at one analyst each. In the past year, more and more analysts have become bullish on the stock, as we can see in the above chart.

Price target

On September 10, PI Financial raised its price target on Aurora Cannabis from 13 Canadian dollars to 15 Canadian dollars. The overall consensus price target on Aurora Cannabis on September 11 stood at 10.1 Canadian dollars. This price target translates into an upside of 11% if the current price were to converge with the consensus.

Next, we’ll discuss Aphria.

Latest articles

Yesterday, Pershing Square Capital Management filed its 13F. In the third quarter, Berkshire Hathaway (BRK-B) (BRK-A) was Bill Ackman's only buy.

After Aurora Cannabis's Q1 earnings release on Thursday, its stock closed at $3.29 on the NYSE, 7.32% lower than the previous day.

Beyond Meat stock rose 1.8% on November 14 after Berenberg initiated coverage on it with a “buy” rating. Berenberg gave it a price target of $100.

With a year-to-date return of 21.9%, JetBlue Airways (JBLU) stock is one of the airline industry's top performers. Here are analysts' views on the stock.

In today’s Get Real, we saw Facebook's latest scandal, a new deal for Netflix, and AMD's game plan. Plus, a trader's guide to the commodities market.

JD.com (JD) shares are trading close to 3% higher in early market trading. The company announced its third-quarter results today.