Should You Sell Sundial Stock? Not Anymore, One Analyst Says
Sundial (SNDL) has been a firm favorite amongst Robinhood investors
this year, and at one point earlier in 2021, the stock showed
year-to-date gains of over 700%. The stock has since retreated to a
more realistic price, a factor - along with an improved balance
sheet - taken into account today by Canaccord analyst Shaan Mir.
“We believe SNDL’s cash balance presents an opportunity to deploy
capital into accretive investment opportunities and generate
returns past our implied ~US$1.4B valuation,” Mir said. “Given a
recent pull-back in the share price, we believe Sundial is
currently trading near our implied valuation.