Columbia Care: Canaccord Reiterates $15 Price Target Followi On March 16th, Columbia Care reported their fourth quarter and year end financials as well as reaffirming their 2021 guidance. For the fourth quarter, the company reported combined revenues of $81.8 million as well as adjusted EBITDA of $9.5 million. For the year end, the company stated their combined revenue to be $197.9 million and a -$0.9 million adjusted EBITDA loss.
The company also reiterated their 2021 guidance of revenues between $500 and $530 million with adjusted EBITDA to be in the area of $100 million.
Columbia Care currently has 11 analysts covering the company with a weighted 12-month price target of C$13.42. This is up from the average last month, which was C$12.00. Four analysts have strong buys while another six have buy ratings, and one analyst has a hold rating on the name. The street high comes from Cantor Fitzgerald with a C$16.50 price target, and the lowest target comes from Paradigm Capital with an C$11.50 price target.
https://thedeepdive.ca/columbia-care-canaccord-reiterates-15-price-target-following-q4-results/