Charlotte’s Web stock fell by over 2% to $18.85 in Thursday’s session despite Benchmark giving Charlotte’s Web Holdings (CSE:CWEB) (OTCQX:CWBHF) a buy rating and setting a price target of $25. Benchmark’s price target gives the company an upside potential of 30% from the current market price.
Why the Increase in Price Target?According to analyst Mike Hickey, there is a range of positives for Charlotte’s Web stock such as the early mover advantage in the market, the expansion of its retail network, and its vertically integrated business model. In a note, Hickey indicated that Charlotte’s Web ...
Read The Full Article On PotStockNews.com
Get the latest marijuana stock news, cannabis on stock news on PotStockNews
All content provided by Pot Stock News is subject to our Terms Of Use and Disclaimer.