Ratings for three more stocks
Last week we released analysts’ price target and rating updates for Canopy Growth (WEED)(CGC), Aurora Cannabis (ACB), and Tilray (TLRY). Read the full report in Analysts’ January Rating Updates for TLRY, CGC, and ACB. In part two of this series, we’ll discuss ratings and price targets in January for three more cannabis stocks: Cronos Group (CRON), Aphria (APHA), and CannTrust (CNTTF).
In the above chart, we see how these three stocks have gained impressively so far this year. Cronos Group has gained nearly 33% YTD as of January 22, while Aphria gained nearly 15% over the same period. CannTrust also delivered a decent 28% return this year. The ETFMG Alternative Harvest ETF (MJ) was up nearly 17% YTD.
Investors’ sentiment about the overall cannabis sector has improved recently, and the valuations for these stocks rose in January compared to December. We discussed the valuation of these companies in our recent series Cannabis Players’ Valuations: Which Stocks Look Cheap in January?
With that out of the way, let’s now delve into the analysts’ ratings and price targets for the above cannabis stocks, starting with Cronos Group.