Aurora Cannabis Stock: This Wall Street Analyst Thinks You Should Sell
Aurora Cannabis (NYSE:ACB) is one of the most popular marijuana stocks on the market today, but not everyone is a fan. Stifel analyst W. Andrew Carter recently lowered his rating on Aurora Cannabis’ stock to “sell” from “hold.” He also reduced his target price to CA$5 ($3.77) from CA$7 ($5.28).
HIGHLIGHTS
- One investment bank expects the marijuana leader’s shares to fall as much as 25% from today’s levels.
- Aurora’s fourth-quarter report indicates that the marijuana company is nowhere close to achieving profitability.
- Aurora will need to raise “significant” capital before the end of Q1 2020.
