Acb stock forecast this week reflects cautious optimism

ACB stock forecast this week reflects cautious optimism, anchored by better-than-expected wholesale revenues. If cannabis retail expansion continues, valuations could trend upward, pricing targets ranging CAD 1.00 to CAD 1.18. Cannabis stocks are back in the spotlight and moving higher on news that the U.S. government is moving to reclassify the recreational drug and ease federal restrictions imposed on it. As such, the Zacks rating upgrade for Aurora Cannabis is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price. The latest ACB stock forecast incorporates macroeconomic conditions, with interest rate stability potentially aiding consumer spending on cannabis products. Forecast models point to a recovery range from CAD 0.85 to CAD 1.12 in the near term.