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Why Aphria Stock Popped Today


Shares of Aphria (NASDAQ: APHA) jumped 9.6% on Tuesday after an analyst lifted his price target for the popular cannabis stock. 

Stifel analyst W. Andrew Carter boosted his share-price forecast for Aphria from CA$9.80 ($7.67) to CA$15.50 ($12.17). His new target, however, is roughly 10% below the marijuana stock's current price of $13.61.

Aphria's investors grew richer on Tuesday. Image source: Getty Images.

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Source Fool.com

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