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ATB Cormark Capital Markets Keeps Their Buy Rating on SNDL (SNDL)

Tipranks - Tipranks - Fri May 1, 7:24AM CDT

ATB Cormark Capital Markets analyst Frederico Gomes maintained a Buy rating on SNDL today and set a price target of $3.50.

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According to TipRanks, Gomes is a 2-star analyst with an average return of 0.0% and a 58.14% success rate. Gomes covers the Healthcare sector, focusing on stocks such as Canopy Growth, Organigram Global, and Tilray.

Currently, the analyst consensus on SNDL is a Moderate Buy with an average price target of $4.25.

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Based on SNDL’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $252.5 million and a net profit of $9.37 million. In comparison, last year the company earned a revenue of $257.68 million and had a GAAP net loss of $67.14 million

Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SNDL in relation to earlier this year.

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