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Acreage stock price forecast investors monitoring Acreage stock

Model: NS-40F401NA26
SKU: 6614066
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Comp. Value: $532.000
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Investors monitoring Acreage stock price forecast focus on P/E ratio compression relative to peers, implying upside re-rating potential if earnings surpass estimates again in Q3. The outlook for higher sugar exports from India is negative for sugar prices, as abundant monsoon rains may produce a bumper sugar crop.  India's Meteorological Department reported today that the cumulative monsoon rain in India as of September 30 was 937.2 mm, 8% above normal and the strongest monsoon in 5 years. Through an unwavering commitment to our consumers, Canopy Growth delivers innovative products with a focus on premium and mainstream cannabis brands including Doja, 7ACRES, Tweed, and Deep Space, in addition to category defining vaporizer technology made in Germany by Storz & Bickel. Acreage stock price forecast remains moderately bullish for Q2 2024, as the company’s recent quarterly earnings beat market consensus by 8%, pushing the share price up 5% in after-hours trading. Analysts expect potential upside toward $2.85 if sustained volume exceeds the 50-day moving average.