Does Wall Street Like Aurora Cannabis Inc (ACB) Stock?

Wednesday, November 20, 2019 12:46 PM | InvestorsObserver Analysts

Wall Street is positive on Aurora Cannabis Inc (ACB). On average, analysts give ACB a Buy rating. The average price target is $4.831, which means analysts expect the stock to rise by 80.26% over the next twelve months.

That rating is better than 35% of stocks based on data compiled by InvestorsObserver.

Click Here to get the full report on Aurora Cannabis Inc (ACB) Stock.

Why are Analyst Ratings Important?

You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers.

InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.

What's Happening With Aurora Cannabis Inc Stock Today?

Aurora Cannabis Inc (ACB) stock is trading at $2.68 as of 12:37 PM on Wednesday, Nov 20, a gain of $0.34, or 14.32% from the previous closing price of $2.34. The stock has traded between $2.36 and $2.73 so far today. Volume today is elevated. So far 45,543,067 shares have traded compared to average volume of 19,517,460 shares.

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