Analyst Ratings and Price Targets for Major Cannabis Stocks
Cannabis stocks rise
In contrast to last week, cannabis stocks saw positive movement on February 5 and 6. This week, Aurora Cannabis (ACBFF) announced its investment in Liquor Stores N.A. (LIQ), which also fueled investors’ (MJX) optimism.
Among the large players, Canopy Growth (WEED) rose 18.7% to 28.80 Canadian dollars, and Aphria (APHQF) rose 17.6% to 16.60 Canadian dollars on February 6. MedReleaf (LEAF) saw a 7.0% gain and closed at 18.00 Canadian dollars, and Scotts Miracle-Gro (SMG) rose ~1.3% to close at $89.00 on the same day.
With so much going on in the cannabis industry, it’s time to take a look at the analysts’ ratings and price targets for the major cannabis stocks. We’ll begin with Canopy Growth.