Analyst: Grab This Weed Stock Now

The analyst thinks VFF could easily transition into the marijuana sector

Digital Content Manager
Jun 13, 2019 at 11:50 AM
facebook X logo linkedin


Tomato turned pot concern Village Farms International Inc (NASDAQ:VFF) is getting some analyst recognition today, after Roth Capital initiated coverage on the stock with a "buy" rating and a $25 price target -- more than double the stock's current perch at $12.44. The analyst said it liked that Village Farms planned on converting one of its massive tomato greenhouses into an infrastructure for growing marijuana and hemp products, and predicted an easy transition from produce to pot for the greenhouse name once weed becomes federally legal in the lower half of North America. 

Despite the upbeat outlook, VFF stock is lower today, testing a key area of support atop its rising 80-day moving average. While the stock has seen an impressive 281.9% year-to-date surge, spiking to an all-time high at $18.10 in late March, the shares have cooled off slightly, trading neatly between the $12 and $14 regions of late. 

vff daily stock chart on june 13

While analysts have been relatively quiet on the stock, the two others who follow VFF call it a "strong buy." Plus, the consensus 12-month target price sits all the way up at $32.08, representing a whopping 158% premium to current levels. 

Short interest has hit an all-time high, up 68.8% during the last two reporting periods. The roughly 3.8 million VFF shares sold short represents a healthy 9.9% of the stock's available float, or two times the average daily pace of trading.

 

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI