SunOpta to Expand Dream Oatmilk to 6,700 Additional Stores Through Large Coffee Chain Partnership
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 09 2024
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Source: Newsfilter
Expansion of Dream Oatmilk Barista: SunOpta Inc. is set to expand its Dream Oatmilk Barista product to an additional 6,700 stores across North America in January 2025 through a partnership with a major coffee chain, utilizing increased oat extraction capacity from its Modesto facility.
Commitment to Sustainability: The company emphasizes its long-standing commitment to sustainability by aiming to reduce water usage, packaging waste, and carbon emissions while meeting the growing demand for plant-based beverages, particularly oatmilk.
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Analyst Views on STKL
Wall Street analysts forecast STKL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for STKL is 8.00 USD with a low forecast of 8.00 USD and a high forecast of 8.00 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.
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 4.580
Low
8.00
Averages
8.00
High
8.00
Current: 4.580
Low
8.00
Averages
8.00
High
8.00
About STKL
SunOpta Inc. operates as a partner, solutions provider and value-added manufacturer for various brands, and produces its own brands, including SOWN, Dream and West Life. The Company is focused on organic, non-genetically modified (non-GMO) and specialty foods. The Company's product categories include fruit-based snacks, plant-based beverages, plant-based ingredients, broth and stock, and liquid packaged and bulk tea concentrate. Its fruit-based snacks include fruit bars, bits, twists, strips, and pressed bars and strips. The Company's plant-based beverages include oat milk, soymilk, almond milk, coconut milk, hemp milk, and other nut, grain, seed & legume-based beverages. Its plant-based ingredients include oat base and soy base. It sells its products through various distribution channels, including foodservice operators, grocery retailers and club stores, branded food companies, and food manufacturers, located principally in the United States, as well as e-commerce channels.
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.
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