Analysts Bullish On Cannabis Co. TerrAscend Post-Earnings: Raised Targets And Upgraded Ratings
Portfolio Pulse from Javier Hasse
Following TerrAscend Corp.'s (OTC:TSNDF) strong Q3 earnings, analysts from Clarus Securities, Echelon Capital Markets, ATB Capital Markets, and Canaccord Genuity have raised their price targets and upgraded their ratings. Clarus Securities increased their target to $3.50 with a 'Buy' rating. Echelon Capital Markets upgraded to 'Speculative Buy' with a C$2.75 target. ATB Capital Markets gave an 'Outperform' rating with a C$4.00 target, and Canaccord Genuity raised their target to C$3.25, maintaining a 'Buy' rating.
November 10, 2023 | 7:30 pm
News sentiment analysis
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POSITIVE IMPACT
TerrAscend Corp. received positive analyst coverage with increased price targets and upgraded ratings following their Q3 earnings report, indicating a bullish sentiment.
The unanimous positive revisions by analysts typically generate investor optimism, which can lead to a short-term increase in stock price. The upgrades and raised targets directly relate to TerrAscend's performance and are likely to be seen as strong endorsements of the company's future prospects.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100