Cannabis Stock Drops 3.14% Friday; What Do Analysts Think The Future Is For SNDL Inc (SNDL)?

SNDL Inc is a player in the cannabis industry that is lower by 3.14% Friday. Wall Street is positive on SNDL Inc (SNDL). On average, analysts give SNDL Inc a Buy rating. The average price target is $5.4, which means analysts expect the stock to gain by 243.95% over the next twelve months.

That average ranking earns SNDL Inc an Analyst Rating of 26, which is better than 26% of stocks based on data compiled by InvestorsObserver.

Wall Street analysts are rating SNDL a Buy today. Find out what this means to you and get the rest of the rankings on SNDL!

Why are Analyst Ratings Important?

Analytical research by professionals can be extremely useful when making investment decisions in the stock market. Analysts are able to observe industries in detail and learn how geographical impacts can affect a company’s balance sheet. This information allows investors to make decisions ahead of the curve.

InvestorsObserver combines the ratings from these analysts and proceeds to percentile rank them. This grants you the ability to compare stocks in a comprehensive fashion as oppossed to a standard buy/hold/sell rating.

What’s Happening With SNDL Inc Stock Today?

SNDL Inc (SNDL) stock is trading at $1.57 as of 10:27 AM on Friday, Mar 10, a drop of -$0.05, or -3.14% from the previous closing price of $1.62. The stock has traded between $1.56 and $1.63 so far today. Volume today is less active than usual. So far 975,251 shares have traded compared to average volume of 4,106,937 shares.

Click Here to get the full Stock Report for SNDL Inc stock.