WMT - Danimer Scientific: An Innovative Bioplastics Player With Huge Upside Potential
- Strong industry tailwinds will bring about a huge demand for bioplastics, and with the current limited supply in the market, this bodes well for Danimer.
- Danimer already had large consumer brands as customers when it listed, and this list of blue chip customers has been increasing since then, showing the strong demand for Danimer's bioplastics.
- Danimer has a unique technology that brings about a solid value proposition to customers and has attractive unit economies as it continues to scale its operations.
- Based on 2030 EBITDA estimates, I derived a target price of $9 for Danimer, implying a 122% upside from current levels.
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Danimer Scientific: An Innovative Bioplastics Player With Huge Upside Potential