Stock Price Prediction

SNDL stock is currently trading at $1.93, showing resilience in the cannabis sector despite broader market challenges. The bullish view stems from its strong financial position, including $263 million in cash reserves and zero debt, alongside strategic acquisitions like Nova Cannabis and Indiva, which enhance its market leadership in Canada. Additionally, its focus on cost efficiency and potential for positive free cash flow in 2024 supports optimism for long-term growth.

SNDL stock currently trades at $1.93, showing limited momentum despite recent leadership changes and restructuring efforts. Bears argue that SNDL's consistent lack of profitability, declining liquor revenue (-4.8% YoY in Q3 2024), and sector-wide challenges in cannabis and alcohol markets weigh heavily on its valuation. Without clear profitability or growth catalysts, the stock may face further downside pressure.

The market consensus for SNDL's revenue in the upcoming quarter is projected to be approximately $204.1M CAD.