Northland Capital Initiates Coverage on Planet 13 Holdings

On December 19, Northland Capital Holdings initiated coverage on Planet 13 Holdings (PLNHF) with a “buy” rating, giving the stock a price target of 3.75 Canadian dollars, which represents an upside potential of 252.1% from its December 19 closing price of 1.07 Canadian dollars.

On December 7, Canaccord Genuity reinitiated coverage of Planet 13 Holdings with a speculative “buy” rating. Overall, three analysts cover Planet 13 Holdings as of December 19. Two say “strong buy” says “buy.” On average, analysts have given the stock a price target of 4.83 Canadian dollars, which represents an upside potential of 351.4% from its December 19 closing price.

Of the five analysts who cover Tilray (TLRY), two have “buy” ratings while three have “hold” ratings. On average, analysts have a price target of $140, which represents a return potential 97.2% from its stock price of $71.00 as of December 19.

Of the nine analysts who cover Canopy Growth (WEED)(CGC), seven have a “buy” rating while one analyst has a “hold” rating and another has a “sell” rating. On average, analysts have a price target of 66.33 Canadian dollars, which represents an upside potential of 76.8% from its stock price of 37.80 Canadian dollars.

Of the eight analysts who cover Aphria (APHA), seven have “buy” ratings while one analyst has a “hold” rating. On average, analysts have a price target of 19.31 Canadian dollars, which represents a return potential of 166% from the stock price of 7.2 Canadian dollars.

Of the four analysts who cover Aurora Cannabis (ACB), two have “buy” ratings while two have “hold” ratings. On average, analysts have a price target of 13.75 Canadian dollars, which represents a return potential of 92.6% from the stock price of 7.14 Canadian dollars.

Since the beginning of this month, the Planet 13 Holdings’ stock price has declined 40.8% as of December 19. Peers Tilray, Canopy Growth, Aphria, and Aurora Cannabis have fallen 16.2%, 30.7%, 31.6%, and 7.5%, respectively.