Medicare Coverage for CBD: U.S. Medicare is considering covering CBD treatments for certain patients, potentially boosting the cannabis industry as shares of leading companies rise by up to 4%.
Focus on Cancer and Palliative Care: The initiative primarily targets seniors undergoing cancer treatments or palliative care, marking a significant step for cannabis acceptance in medical settings.
Advocacy and Political Support: Payments financier Howard Kessler has engaged with Health and Human Services Secretary Robert F. Kennedy Jr. regarding expanded cannabis access, following previous support from President Trump.
Market Performance and Analyst Ratings: Cannabis stocks have struggled recently, with many trading as penny stocks; Tilray, for instance, has a Moderate Buy rating from analysts, suggesting a potential upside of over 92%.
Wall Street analysts forecast ACB stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for ACB is 4.32 USD with a low forecast of 4.32 USD and a high forecast of 4.32 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
Wall Street analysts forecast ACB stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for ACB is 4.32 USD with a low forecast of 4.32 USD and a high forecast of 4.32 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
1 Hold
0 Sell
Hold
Current: 4.330
Low
4.32
Averages
4.32
High
4.32
Current: 4.330
Low
4.32
Averages
4.32
High
4.32
No data
About ACB
Aurora Cannabis Inc. is a Canada-based medical cannabis company. The Company’s principal business lines are focused on the production, distribution and sale of cannabis and cannabis-derivative products in Canada and internationally. The Company’s segments include Cannabis and Plant Propagation. The Company's adult-use brand portfolio includes Drift, San Rafael '71, Daily Special, Tasty's, Being and Greybeard. Its medical cannabis brands include MedReleaf, CanniMed, Aurora and Whistler Medical Marijuana Co, as well as international brands, Pedanios, IndiMed and CraftPlant. The Company also holds a 50.1% controlling interest in Bevo Farms Ltd., a supplier of propagated vegetables and ornamental plants in North America. Its subsidiaries include Aurora Cannabis Enterprises Inc., Aurora Deutschland GmbH, Whistler Medical Marijuana Corporation, and Indica Industries Pty Ltd., among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
