Sundial Growers stock price forecast for 2023 and beyond
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This beginner friendly guide explores the latest expert Sundial Growers stock price forecasts. Including both long and short term forecasts, use this page to find out where the analysts see its price trading over the next decade.
SNDL stock forecast & price target
The majority of analysts view SNDL as hold. As it has fallen into the meme stock category, not many investment professionals have expressed opinions on its future. The few that have don’t see much upside in its share price. Below we’ve provided a short summary of the latest analyst forecasts. Continue scrolling for year specific predictions.
| Stock | Average price target | Highest target | Lowest target | Majority guidance |
|---|---|---|---|---|
| Sundial Growers | $0.80 | $0.97 | $0.60 | Hold |
Expert forecasts on the future of Sundial Growers (SNDL)
Below are a few quotes from some of the most prominent expert opinions on the future of Sundial Growers.
In our view, Sundial is a very different business from a year ago, and the rise of a new Sundial led by (chief executive officer) Zach George and team could present an attractive opportunity for investors,”
David Kideckel, ATB Capital, $0.80 target
A lot of opportunity for the company to drive product innovation efforts.”
Shaan Mir, Cannacord, $0.80 target
Short term SNDL forecast
Expert opinions on SNDL are positive for the short term. All analysts who have provided a forecast agree that its price may rise. How high it will go is open for debate. Some experts expect it to more than double, while others anticipate a slow push up. Below we’ve included Sundial Growers’ price forecasts for the next few years.
Sundial Growers stock price prediction 2022
Sundial Growers stock could be worth $0.80 in 2022. An average growth rate of 37% taken from the latest analyst forecasts gives that figure. If it does get to $0.80, it would still be short of its early 2022 high.
Sundial Growers stock price prediction 2023
SNDL’s stock price forecast for 2023 is $1.09. That’s if it continues to grow at an average rate of 37% per year. If it does get that high, its price would slightly exceed the most bullish of forecasts.
Long term SNDL forecast
Not many analysts have provided a long term SNDL stock price forecast. Its meme stock status and large retail investor interest means its price can be volatile. A lot of factors can move its share price widely like short squeezes, so it’s important to remember longer term predictions are more speculative in nature.
Sundial Growers price prediction 2024
By 2024, experts predict Sundial Growers’ price to be between $1 – $1.50. Although by then it may have been axed from the Nasdaq as its price has fallen below the minimum threshold. If that’s the case, its price would likely be much lower than forecasted.
Sundial Growers price prediction 2025
Some analysts expect SNDLs price to be above $2 by 2025. Its acquisition of Alcanna means it’s Canada’s largest cannabis retail network. Cash Flow and revenues are expected to grow following the deal and its share price is expected to move higher as a result.
Sundial Growers price prediction 2030
Its price is anticipated to be above $4 when the new decade starts. That would take it to the high it reached following the retail short squeeze in 2021. However, it’s important to remember predictions this far ahead are purely speculative and a lot can affect its price in the coming years.
Compare the best places to buy Sundial Growers stock
If you agree with the analysts and want to buy stock in Sundial Growers you’ll need to use a broker. You can use the table below to compare some of the top platforms around. Simply click any of the links and register in just a few minutes.
What affects the price of SNDL?
Sundial Growers’ is a meme stock so its price can be impacted by retail investors. Other factors include sales, revenues, and profits. Below we’ve included a few of the key things to look out for when analysing the business and its share price.
- Reddit. In 2021 a group of retail investors from a Reddit forum known as Wall Street Bets forced a short squeeze. A surge of new money was pumped into the company causing wild swings in its price. Any further action from Reddit investors could move its price again.
- Short interest. The Wall Street Bets short squeeze occurred after retail investors saw a large amount of short positions in the company. If its short interest rises once again, another squeeze could happen. Keeping track of its open short interest is one way to stay ahead and avoid any potential volatility.
- Sales. Its acquisition of Alcanna not only means its the largest cannabis retail operator in Canada, but it also owns the largest private liquor business in the country. Following the deal it’s expected to become free cash flow positive which will allow it to expand, without going to shareholders.
- Nasdaq listing. It is currently facing the prospect of having its nasdaq listing axed after its share price dropped below the minimum threshold. In order for it to stay listed, it needs to trade above $1 for 10 consecutive days. If it fails, its board has hinted at a reverse stock split which would help it retain its listing.
How has the Sundial Growers price changed over time?
It’s been trending in one direction since it came to the market; down. Back in 2019 its shares were trading at over $10. In 2022, the same shares are below $1 and not only is it classed as a meme stock, but also a penny stock. Despite a short squeeze in 2021 that saw its price spike, it has continued its grind lower since.
What should I do now?
You can check out our guide on how to buy Sundial Stock if you’re ready to invest. Alternatively, visit our investing hub where you can learn more about stock investing through one of our free courses. Whatever you decide to do, make sure you keep up to date with the latest news on the links below.
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