In a report released today, Matt McGinley from Needham assigned a Buy rating to Curaleaf Holdings (CURLF), with a price target of $14.00. The company’s shares closed last Tuesday at $10.80, close to its 52-week high of $11.69.
According to TipRanks.com, McGinley is a 5-star analyst with an average return of 67.8% and a 81.3% success rate. McGinley covers the Basic Materials sector, focusing on stocks such as Green Thumb Industries, Trulieve Cannabis, and Aurora Cannabis.
Curaleaf Holdings has an analyst consensus of Strong Buy, with a price target consensus of $11.02.
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The company has a one-year high of $11.69 and a one-year low of $2.54. Currently, Curaleaf Holdings has an average volume of 852.9K.
Based on the recent corporate insider activity of 23 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.
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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.
