STA Research Upgrades TerrAscend Corp.(TER:CNSX) to a Strong Buy rating

STA Research Upgrades TerrAscend Corp to a Strong Buy rating and maintains the $3.50 target price on the company’s stock.

Canaccord Capital Assigns TerrAscend Corp with a Buy rating and a target price of $4.25.

Based on the TerrAscend Corp stock forecasts from 8 analysts, the average analyst target price for TerrAscend Corp is CAD 7.57 over the next 12 months. TerrAscend Corp’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of TerrAscend Corp is Bullish , which is based on 5 positive signals and 1 negative signals. At the last closing, TerrAscend Corp’s stock price was CAD 2.34TerrAscend Corp’s stock price has changed by -3.70% over the past week, -23.28% over the past month and -72.01% over the last year.

What we like:

High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Superior risk adjusted returns

This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.

Superior total returns

The stock has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile.

Underpriced compared to earnings

The stock is trading low compared to its peers on a price to earning basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Superior Earnings Growth

This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.

What we don’t like:

High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.