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Pot Stock SNDL Inc (SNDL) Surges 7.68% Monday; Analysts Call It A Buy, Are They Wrong?

Monday, August 15, 2022 10:17 AM | InvestorsObserver Analysts

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Pot Stock SNDL Inc (SNDL) Surges 7.68% Monday; Analysts Call It A Buy, Are They Wrong?

SNDL, a player in the cannabis market, is higher by 7.68% Monday as it outperforms the market as a whole. InvestorsObserver is giving SNDL Inc (SNDL) an Analyst Rating Rank of 23, meaning SNDL is ranked higher by analysts than 23% of stocks. The average price target for SNDL is $6.6 and analyst’s rate the stock as a Buy.

Overall Score - 3.7
Wall Street analysts are rating SNDL a Buy today. Find out what this means to you and get the rest of the rankings on SNDL!

Why are Analyst Ratings Important?

Fundamental research of the underlying health of a company can be an extremely useful resource when making investment decisions. Analysts observe growth prospects and forecasted earnings of companies to gain a comprehensive view of particular industries. This data allows traders to react before numbers are officially reported. InvestorsObserver takes the ratings from these analysts and percentile ranks those aveages. This allows you to compare stocks extensively and in more detail than the common buy/hold/sell ratings.

What's Happening With SNDL Inc Stock Today?

SNDL Inc (SNDL) stock is up 7.68% while the S&P 500 is down -0.18% as of 10:17 AM on Monday, Aug 15. SNDL is higher by $0.23 from the previous closing price of $3.00 on volume of 5,907,963 shares. Over the past year the S&P 500 has fallen -4.63% while SNDL is down -55.93%. SNDL lost -$0.53 per share the over the last 12 months. Click Here to get the full Stock Report for SNDL Inc stock.

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