Largest Cannabis Co. Curaleaf's $1.5B Projected Revenue For 2025: Analyst Raises Rating To Outperform
Portfolio Pulse from Nicolás Jose Rodriguez
Wedbush Securities upgraded Curaleaf Holdings, Inc. (OTC:CURLF) to Outperform, raising its 12-month price target to $7.00. Curaleaf, the largest U.S. cannabis company by market cap, reported Q1 2024 revenue of $338.9 million and projects $1.5 billion in revenue for 2025. The company is expanding domestically and internationally, with new product lines expected to contribute to long-term growth. Updated guidance anticipates consistent quarterly revenue growth, with a 2025 EBITDA forecast of $404 million.
May 14, 2024 | 9:32 pm
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Curaleaf's upgrade by Wedbush to Outperform with a raised price target to $7.00 reflects positive analyst sentiment. The company's strong Q1 2024 performance and projected revenue growth, both domestically and internationally, alongside new product launches, indicate a robust growth trajectory. The updated guidance and increased EBITDA projections for 2024 and 2025 underscore the company's improving profitability and operational efficiency.
The upgrade by Wedbush is a strong positive signal to the market, often leading to increased investor confidence and potentially a higher stock price in the short term. The detailed financial projections and strategic expansions outlined in the report further solidify the company's growth prospects. However, the cannabis market's regulatory and competitive landscape could introduce volatility, slightly tempering confidence in the prediction.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100