SunOpta's Strategic Positioning Is Capitalizing On The Shift To Non-Dairy Alternatives, Analyst Predicts
Portfolio Pulse from Lekha Gupta
Stephens & Co analyst Jim Salera initiated coverage on SunOpta Inc (NASDAQ:STKL) with an Overweight rating and a price target of $10. Salera believes STKL is well-positioned to capitalize on the shift to non-dairy alternatives and estimates FY23 sales of $1.03 billion and FY24 revenue of $1.14 billion.
June 23, 2023 | 7:00 pm
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SunOpta receives Overweight rating and $10 price target from Stephens & Co analyst Jim Salera, who believes the company is well-positioned to capitalize on the shift to non-dairy alternatives.
The analyst's positive outlook on SunOpta's positioning in the non-dairy alternatives market, along with the Overweight rating and $10 price target, suggests a potential upside for the stock. The company's unique portfolio of production assets and long-term contracts are expected to help maintain steady future FCF, further supporting the stock's growth.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100