Aphria (NASDAQ:APHA) had its target price hoisted by Stifel Nicolaus from $15.50 to $22.00 in a report issued on Tuesday, The Fly reports. The firm currently has a "hold" rating on the stock. Stifel Nicolaus' price objective would indicate a potential upside of 20.95% from the stock's previous close. The analysts noted that the move was a valuation call.
Several other equities research analysts also recently issued reports on APHA. Alliance Global Partners lifted their price target on shares of Aphria from $12.00 to $20.00 and gave the stock a "buy" rating in a research note on Friday, January 15th. Canaccord Genuity raised shares of Aphria from a "hold" rating to a "speculative buy" rating and lifted their price target for the stock from $11.00 to $17.50 in a research note on Friday, January 15th. Cantor Fitzgerald lifted their price target on shares of Aphria from $26.00 to $32.50 and gave the stock an "overweight" rating in a research note on Tuesday, February 16th. Zacks Investment Research raised shares of Aphria from a "strong sell" rating to a "hold" rating in a report on Monday, March 22nd. Finally, CIBC raised their price objective on shares of Aphria from $18.00 to $28.00 and gave the stock an "outperform" rating in a report on Monday, February 22nd. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of "Buy" and a consensus price target of $18.53.