In addition, Biden has tapped Federal judge Merrick Garland as his choice to head the Department of Justice; Garland is generally seen as centrist, but he has a judicial record from the Federal bench of respecting state-level cannabis legalization regimes.
“[With] room for equity valuations to continue moving higher, we remain bullish on US cannabis and believe 2021 will be a pivotal year for the industry… We think investors will increasingly benefit from better visibility into company-specific growth rates and operational metrics through 2021...
The company announced in December an agreement for merger and acquisition with competing firm Tilray, a move that will create the world’s largest cannabis company, with a market value of CA$5 billion.
The stock is up 124% over the past 52 weeks.
Aphria has caught the eye of 5-star Cantor analyst Pablo Zunaic, who believes that the company’s prospects are “[all] about what APHA + TLRY can do in a fast-deregulating cannabis world.” Zunaic added, “The leading Canadian company (16% APHA rec share plus TLRY 4% share), with a budding international unit (exporting to Israel, Germany Poland, Malta; production in Germany/Portugal; owned German distribution), plus ancillary assets that may be useful depending on the shape of future deregulation, should deserve a premium…” In line with these comments, the analyst rates APHA an Overweight (i.e. Buy), and his CA$26 price target implies a 59% upside potential from current levels.
(To watch Zunaic’s track record, click here) Zunaic isn’t the only analyst bullish on Aphria.
However, the recent share appreciation has pushed the trading price above the CA$15.09 average price target; APHA shares are now priced at CA$16.32.
(See APHA stock analysis on TipRanks) Trulieve Cannabis (TCNNF) Trulieve is a $5.23 billion medical cannabis company, operating in California, Connecticut, Florida, Massachusetts, Pennsylvania, and West Virginia.
The company’s headquarters are in Florida, the nation’s third-largest state by population, where it commands a 51% market share in the medical cannabis sector.
The rapid growth of medical cannabis has fueled a tremendous growth in Trulieve’s share price over the past year.
Medical cannabis is a profitable and growing market, and Trulieve’s revenues reflect that.
The company has reported a steadily increasing top line for the past two year, with the most recent quarterly report, 3Q20, showing $136.3 million, a company record and a 13% gain quarter-over-quarter.
As such, we believe multiples will re-rate higher to more appropriately reflect the high rate of growth of the industry.” Unsurprisingly, the analyst rates TCNNF an Outperform (i.e. Buy), and sets a price target of $60.50, suggesting that the stock will grow ~38% over the next 12 months.
(To watch McGinley’s track record, click here) The Strong Buy analyst consensus rating on this stock shows that Wall Street agrees on the value of Trulieve.
(See Trulieve stock analysis on TipRanks) To find good ideas for cannabis stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.In an interview with Bloomberg TV's “Front Row,” the storied investor, Jeremy Grantham, who is often credited with several prescient market calls over the past two decades, insists that a steady rise in stocks, fostered by free money from the Federal Reserve and the government can't continue without consequences.Every week, Benzinga conducts a survey to collect sentiment on what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios.This week we posed the following question related to cruise line stocks:Over the next year, which cruise line stock will have the largest percentage gain.
The company's mainstay brands include Royal Caribbean International, Celebrity Cruises, Azamara and Silversea Cruises.Meeanwhile, traders and investors were the least confident in Norweigan's growth prospects over the next year, as 29% of respondents told us shares of Norweigan would grow the most in 2021.Norwegian shares dropped a nearly identical 56.2% in 2020 for nearly identical reasons that the Carnival and Royal Caribbean shares lagged.As far as other travel stocks are concerned, it can be said that low-cost ticket models in the vein of Spirit Airlines Incorporated (NYSE: SAVE), JetBlue Airlines Corporation (NASDAQ: JBLU) or Southwest Airlines Co (NYSE: LUV) have the potential to lead travel demand once the pandemic subsides.As the American and global economy recover, and if vacation travel were to return by summer 2021, budget-conscious travelers may first seek accommodations from the most affordable cruise lines.
The study reflects results from over 500 adults.See more from Benzinga * Click here for options trades from Benzinga * Benzinga Named One Of The Top Detroit Startup, Tech Companies For 2021 * Will FuelCell, Plug Power Or Blink Charging Stock Grow The Most By 2022?(C) 2021 Benzinga.com.Here are the best stocks to buy in each market sector.Heading into an uncertain and potentially volatile year like 2021, one of the best ways for investors to protect their portfolios is through the power of diversification.
Facebook’s market cap is up to $786 billion, and in the third quarter of 2020, the company reported $21.5 billion at the top line.
(To watch Helfstein’s track record, click here) The 5-star analyst commented, "[We] anticipate 4Q advertising revenue will handily top Street estimates.
Shares are priced at $276.10 and the average price target of $327.42 suggests a one-year upside of ~19%.
The company’s famously price is famously high, and has grown 74% since this time last year, far outpacing the broader markets.
Blackledge rates the stock Outperform (i.e. Buy), and his price target, at $4,350, indicates confidence in a 31% upside on the one-year time horizon.
(To watch Blackledge’s track record, click here) “We forecast 4Q20 reported revenue of $120.8BN, +38.2% y/y vs.
That Wall Street generally is bullish on Amazon is no secret; the company has 33 reviews on record, and 32 of them are Buys, versus 1 Hold.
Shares are priced at $3,301.26 and the average price target of $3,826 implies that it will grow another 16% this year.
(See AMZN stock analysis on TipRanks) To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.* Benzinga has examined the prospects for many investor favorite stocks over the past week.
One tech giant even offered to lend a hand to the administration.Meanwhile, earnings reporting season was in full swing, bringing one winner and another last week, but there were big disappointments as well.Elsewhere in corporate America, an aerospace giant scored a big win, the big automakers were positioning themselves for the future, and another video streaming option is preparing to launch.Bitcoin investors watched the cryptocurrency plunge last week as well.Through it all, Benzinga continued to examine the prospects for many of the stocks most popular with investors.
See why cash generation should greatly improve beginning in 2022.A great week for Ford Motor Company (NYSE: F) got even better on Friday when the stock got a major upgrade from a big name Wall Street bank.
presidential election are now in the past.In Jayson Derrick's "3 Fast-Food Stocks To Own Right Now: Coffee, Pizza And Mickey D's," see why investors seeking exposure to the restaurant space now may want to consider McDonald's Corp (NYSE: MCD) and a couple of other masters of the fast-food experience.In "DraftKings Could Beat Revenue Estimates By 25% Over Next 4 Years: Morgan Stanley," Chris Katje is focused on what the improvement in sports betting and internet gambling means for shares of DraftKings Inc (NASDAQ: DKNG), according to the featured analyst.For additional bullish calls of the past week, also have a look at the following: * After The Hottest Year On Record, 3 Stock Ideas That Are Green For The Planet * Schaeffer's Investment Research: Top 2 Contrarian Stock Picks For 2021 * JPMorgan On Finance Stocks In 2021: Why It's Bullish On Credit Cards, Cautious On MortgagesBears Shanthi Rexaline's "8 Intel Analysts On Q4 Report: Why Some See Difficult Years Ahead For Chipmaker" shows which analysts see earnings stagnation at Intel Corporation (NASDAQ: INTC) and which project it will take years for the company to set right what's wrong.In Wayne Duggan's "Citron's Andrew Left Says GameStop Is 'Pretty Much In Terminal Decline'," see why this famous short seller sees shares of struggling retailer GameStop Corp.
(NYSE: GME) dropping to around $20 apiece in the near future.MGM Resorts International (NYSE: MGM) struggles with a complex corporate structure and it lags its peers in certain respects, according to "Bearish MGM Analyst Sees Less Sports Betting Upside Opportunity For Casino Giant" by Priya Nigam."Beyond Meat Analyst: Attractive Growth Story Takes Back Seat To Valuation Concerns" by Jayson Derrick makes the case that the valuation makes it difficult to justify buying Beyond Meat Inc (NASDAQ: BYND) stock now, despite the company's long-term prospects.For more bearish takes, be sure to check out these posts: * Tesla, Bitcoin More Likely To Halve Than Double Value In 2021: Deutsche Bank Survey * UBS On Internet Stocks: Chewy, Fiverr, Peleton Downgraded To Sell, Take-Two Interactive To NeutralAt the time of this writing, the author had no position in the mentioned equities.Keep up with all the latest breaking news and trading ideas by following Benzinga on Twitter.See more from Benzinga * Click here for options trades from Benzinga * Barron's Picks And Pans: Exxon Mobil, GameStop, Intel, 3M, Toll Brothers And More * Notable Insider Buys Of The Past Week: Conagra Brands Plus Plenty Of Biotech Activity(C) 2021 Benzinga.com.
The company also is under pressure to maintain its reputation as a "dividend aristocrat."Photo by Tdorante10/Wikimedia.See more from Benzinga * Click here for options trades from Benzinga * Tesla Accuses Employee Who Worked For Company For Less Than 2 Weeks Of Stealing Trade Secrets * Commodities May Be The Next Big Thing; Here Are 3 ETFs To Get Started(C) 2021 Benzinga.com.
Benzinga's Take: The pandemic rapidly sped up the economic digital transformation by forcing many companies to adapt to a remote working environment.Some companies will likely return to their old way of doing things once the pandemic ends, but the vast majority will not.See more from Benzinga * Click here for options trades from Benzinga * Here's How Much Investing ,000 In Morgan Stanley Stock 5 Years Ago Would Be Worth Today * Citron's Andrew Left Says GameStop Is 'Pretty Much In Terminal Decline'(C) 2021 Benzinga.com.The country's leader in the wholesale mortgage market is now a public company.
There’s been a significant increase over the past year in commercial mortgage modifications, particularly in New York City, as Covid-19 wrecked property valuations, halted foreclosures and evictions, and allowed millions of people to temporarily stop paying rent.More than 10% of all commercial mortgages that have been bundled into securities have requested some kind of relief from creditors during the pandemic, said Manus Clancy, a senior managing director at data provider Trepp LLC
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