FMP
Sep 19, 2024 7:17 AM - Davit Kirakosyan
Image credit: FMP
Roth/MKM analysts initiated coverage on Turning Point Brands (NYSE:TPB) with a Buy rating and a $50 price target on the stock.
Turning Point Brands, a prominent player in the nicotine, tobacco, and cannabis markets, is well-positioned to expand its presence in these fast-growing sectors. The company already holds a strong market share in rolling papers, wraps, and moist snuff tobacco, and the analysts see significant potential for TPB to capitalize on the rapidly expanding modern oral category. Additionally, TPB is poised to benefit from its involvement in the alternative channel catering to the $100 billion U.S. cannabis and hemp industry.
The analysts expect the company to see growth in its nicotine pouch offerings and a favorable shift in product mix, driving high single-digit revenue and EBITDA growth by 2026.
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...
May 16, 2024 8:06 PM - Gordon Thompson
On Thursday, May 16, 2024, Deutsche Bank upgraded its rating on NASDAQ:ASTS to Buy, maintaining a hold position. At the time of the announcement, ASTS was trading at $4.03. This decision was accompanied by an increase in the price target for AST SpaceMobile, raised to $22 from $19, as detailed in a ...
May 24, 2024 9:30 AM - Rajnish Katharotiya
Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...