The Aphria Stock Surge And What It Means For InvestorsBackgrounder: Aphria stocks have just surged upwards 12.3 percent yesterday and the forecast is promising for the next four years. A U.S. based global financial services firm– Cantor Fitzgerald– reported prosperous earnings for Aprhia (
NASDAQ:APHA), especially by the end of 2024. Cantor Fitzgerald– an innovative investment bank founded in 1945– provides advisory services such as mergers, acquisitions, and strategic partnerships among other services. The company’s financial analyst Pablo Zuanic recently named Aphria his top pick for Canadian Cannabis stocks. Zuanic increased his price forecast for Aphria from $7.86 to $8.23. Based on Aphria’s last closing stock price– $5.74– the new target price is a promising target price representing potential gain “for investors of more than 40 per cent.” Zuanic also predicts that Aphria could win over other U.S. and Canadian cannabis stocks in the next four years as Canadian cannabis markets could potentially grow to $31 billion and $6.2 billion by 2024.
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