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Aurora Cannabis Inc (ACB) Rises Thursday, But Analysts Call It A Buy: Will This Pot Stock Take Off?

Thursday, February 15, 2024 11:36 AM | InvestorsObserver Analysts

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Aurora Cannabis Inc (ACB) Rises Thursday, But Analysts Call It A Buy: Will This Pot Stock Take Off?

Pot stock Aurora Cannabis Inc (ACB) is higher by -2.11% Thursday. Wall Street is positive on Aurora Cannabis Inc (ACB). On average, analysts give the stock a Buy rating. The average price target is $0.662, which means analysts expect the stock to add by 69.74% over the next twelve months. That average ranking earns the stock an Analyst Rating of 16, which is better than 16% of stocks based on data compiled by InvestorsObserver.

Overall Score - 3.3
Wall Street analysts are rating ACB a Buy today. Find out what this means to you and get the rest of the rankings on ACB!

Why are Analyst Ratings Important?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement. InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

What's Happening With Aurora Cannabis Inc Stock Today?

Aurora Cannabis Inc (ACB) stock is trading at $0.39 as of 11:34 AM on Thursday, Feb 15, a loss of -$0.01, or -2.11% from the previous closing price of $0.40. The stock has traded between $0.39 and $0.40 so far today. Volume today is less active than usual. So far 3,913,941 shares have traded compared to average volume of 5,983,248 shares. Click Here to get the full Stock Report for Aurora Cannabis Inc stock.

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