What are Analyst saying these days ? 53% upside !!!! Td Web Broker is showing 4 April analyst calls for Aphria :
April 11 ------- CIBC ----------------28 cad
April 7 ---------Alliance Global -- 32 cad
April 5 --------Haywood -----------26 cad
April 5 ---------cantor Fitz. --------22 cad
Average of these 4 === 27 cad !!!!
as I write this Share price is 17.56 , These analyst average target is 9.44 cad higher than current price so stock has a 53% upside from here !!
I know these targets were predicted before the earnings but given their access to data ,it seems reasonable to assume that today's miss did not blindside them ! They also made this analysis with full details of the merger .
If we also assume ,that they will revise their targets downwards it is likely to still be 22 cad or better . If so , we still have a 25% upside from here .
Personally , I feel that we are at or very near the bottom and investing at these prices have a much greater likelihood of reward than failure !!
We still have a good thing growing and a bright future as Tilray with Irwin Simon at the ships steering wheel !!