Curaleaf Holdings (CURLF) Receives a Buy from Canaccord Genuity


Canaccord Genuity analyst Matt Bottomley maintained a Buy rating on Curaleaf Holdings (CURLF) yesterday and set a price target of C$24.00. The company’s shares closed last Thursday at $14.86.

According to TipRanks.com, Bottomley is a 5-star analyst with an average return of 30.4% and a 54.8% success rate. Bottomley covers the Basic Materials sector, focusing on stocks such as Acreage Holdings Inc Class D, Harvest Health & Recreation, and Vireo Health International.

Currently, the analyst consensus on Curaleaf Holdings is a Strong Buy with an average price target of $23.48, implying a 53.8% upside from current levels. In a report issued on April 23, Needham also assigned a Buy rating to the stock with a $19.75 price target.

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The company has a one-year high of $18.38 and a one-year low of $4.20. Currently, Curaleaf Holdings has an average volume of 1.16M.

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CURLF in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Curaleaf Holdings, Inc. is a life science company, which engages in owning and managing licensed cannabis businesses which cultivate, process and/or dispense cannabis and cannabis derived products. It operates through Cannabis Operations and Non-Cannabis Operations segments. The Cannabis Operations segment production and sale of cannabis via retail and wholesale channels. The Non-Cannabis Operations segment provides professional services including cultivation, processing and retail know-how, and back office administration, intellectual property licensing,real estate leasing services, and lending facilities to medical and adult-use cannabis licensee. The company was founded on November 13, 2014 and is headquartered in Vancouver, Canada.

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