4 Analyst Cut Targets on Aurora Cannabis (ACB:TSX)

Morningstar Maintains "Buy" rating on Aurora Cannabis after Split

Analyst Rating Coverage

Today, on Thursday June 15th, 4 analysts have made several changes to their target prices and ratings for Aurora Cannabis:

  1. STA Research (Rank#59) has downgraded its target price for Aurora Cannabis to  $1.00, from $3.00 per share. The research company also maintained their “Speculative” rating on the stock.
  2. ATB Capital Markets (Rank#73) has also reduced its target price for Aurora Cannabis while maintaining a “Sector Perform” rating. Their previous target price was $2.00 per share, but their new target price is $1.15. This implies that ATB Capital Markets expects the stock to reach or surpass CAD 1.15 in the coming months, aligning with their positive outlook on the company.
  3. Canaccord Genuity (Rank#20) has downgraded its rating for Aurora Cannabis to Hold and decreased its target price. The analyst cut the target price to CAD 0.80 from $1.50 per share..
  4. CIBC World Markets (Rank#13) has maintained its Buy rating for Aurora Cannabis and kept its target price steady at $4.00 per share.

ACB Stock Forecast & Analysis

According to the stock forecast gathered from 6 analysts, the average target price for Aurora Cannabis Inc over the next 12 months is CAD 1.76. This indicates that, on average, analysts expect the stock to experience an increase from its current price level. The average analyst rating for Aurora Cannabis Inc is classified as Buy, suggesting a positive outlook for the company’s future performance.

Stock Target Advisor, an independent stock analysis platform, has conducted its own analysis of Aurora Cannabis Inc’s stock and classified it as Very Bearish. This classification is based on evaluating 0 positive signals and 7 negative signals associated with the company. These signals may include factors such as financial performance, market conditions, and industry trends.

At the last closing, Aurora Cannabis Inc’s stock price stood at CAD 0.70. This price reflects the value at which the stock was last traded on the market. It’s important to note that stock prices are subject to fluctuations and can be influenced by various factors, including market sentiment, investor activity, and company-specific news.

Over the past week, Aurora Cannabis Inc’s stock price has remained unchanged at +0.00%. In the past month, however, the stock has experienced a decline of -6.67%. Looking at the stock’s performance over the last year, it has witnessed a significant decline of -58.58%.

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