This Stock Could Soar by 173%, According to Wall Street
It's been a bumpy and volatile ride for the cannabis industry over the past couple of years, and even many of the leaders in the market haven't escaped the bloodbath. That includes Florida-based Trulieve Cannabis (OTC: TCNNF), one of the leading multi-state operators (MSOs) in the U.S. Here's the good news for Trulieve Cannabis and its peers: Industry growth projections are still juicy.
Some analysts predict a compound annual growth rate of 14.2% through 2030 for the U.S. cannabis market. And Wall Street has high hopes for Trulieve Cannabis, with an average price target of $16.67 (according to Yahoo! Finance), implying a 173% rise over its current stock price. Can the company get there within the next 12 months?
Trulieve Cannabis is a vertically integrated marijuana company based in Florida, where it has become one of the market leaders. But the pot grower also has a strong presence in other states, including California, Pennsylvania, Arizona, West Virginia, and Colorado.
Source Fool.com
