I just noticed a new price target - raised by $10 to $78 by Paul Holden of CIBC in a brief note dated September 6th. Sorry I don't have more details - this is on the CIBC platform. Maybe somebody else has further to offer on this. It seems atypical - they just posted a detailed report after the quarterly earnings with a lower price target. I don't see a narrative from the analyst supporting the higher price but assuming all is correct, it's certainly good news!
As I have said before, in my view this is a mispriced asset! And what I have seen over the years is that often the share price moves before analysts post updated target prices. Hence, my decision to get on the train early since the stock appears to be finally on the way fully out of the penalty box! (Not sure what others think, but I was truly impressed with the investor day outline of the new strategic direction back in December! And so far they are executing exactly as committed). This is what I expect from a public company that I invest money in: that they evaluate alternatives, do the necessary due diligence, develop a competent strategic direction and stick to it)!
GLTA!!