Curaleaf stock price forecast incorporates sector ETF correlations

Curaleaf stock price forecast incorporates sector ETF correlations, showing a 0.78 beta with marijuana-focused funds. This indicates potential amplified movements during industry-wide rallies or corrections. However, with hopes of a fast-track to full U.S. legalization once again put on hold, shares in this Canada-based cannabis purveyor have unsurprisingly coughed back most of the gains accrued during this rally. Worse yet, ACB stock may have more room to fall. Yes, the company’s latest fiscal results and guidance suggest that Aurora Cannabis could still thrive, even as the U.S. recreational market remains out of reach. Why Options Traders Are Betting Big on Oracle Stock Analysts tracking Curaleaf stock price forecast highlight macroeconomic factors such as inflation easing, which could bolster discretionary spending, indirectly supporting cannabis demand metrics and retail performance.