Shares of Aphria (NASDAQ: APHA) popped 12.3% on Monday, following bullish analyst comments.
Cantor Fitzgerald analyst Pablo Zuanic named Aphria his top pick among Canadian cannabis stocks. He also boosted his price forecast from $7.86 to $8.23. Zuanic's new target price represents potential gains for investors of more than 40%, based on Aphria's closing stock price of $5.74.
Aphria's stock could deliver handsome returns to shareholders. Image source: Getty Images.
Source Fool.com