7 Cannabis Stocks That Cantor Fitzgerald Recommendshttps://finance.yahoo.com/news/7-cannabis-stocks-cantor-fitzgerald-193159230.html https://finance.yahoo.com/news/7-cannabis-stocks-cantor-fitzgerald-193159230.html
Aphria (APHA)
Canadian cannabis producer Aphria disappointed investors with its fourth-quarter earnings report. Revenue was up 18% from a year ago but just 5% from the third quarter. Like many other cannabis stocks, Aphria also recorded a nearly $50 million impairment charge during the quarter. Zuanic says the headline numbers may not have been particularly impressive, but Aphria's 27% sequential recreational cannabis sales growth tripled the average growth rate of its Canadian peers. Earnings before interest, taxes, depreciation and amortization, or EBITDA, margins also surpassed competitors, Zuanic says. Cantor Fitzgerald has an "overweight" rating and $9.48 price target for APHA stock.