Needham Believes Curaleaf Holdings (CURLF) Won’t Stop Here

In a report released today, Matt McGinley from Needham assigned a Buy rating to Curaleaf Holdings (CURLF), with a price target of $13.50. The company’s shares closed last Monday at $9.43, close to its 52-week high of $9.66.

According to, McGinley is a 5-star analyst with an average return of 61.3% and a 84.0% success rate. McGinley covers the Industrial Goods 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 $11.41.

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Based on Curaleaf Holdings’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $96.5 million and GAAP net loss of $15.09 million. In comparison, last year the company earned revenue of $35.25 million and had a GAAP net loss of $10.21 million.

Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying 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.

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