Laird Superfood (LSF) Stock Possibly A Better Investment Opportunity

Finally, the US presidential election is behind us, the incoming Biden administration promises to cultivate a “no drama” strategy, a split Congress is unlikely to pass any progressive legislation, changes or anything else, and COVID vaccinations are ready for widespread acceptance already. This is a formula for a backdrop of calm news.

#1 Small-Cap Uranium Stock for Ultra-Fast Gains in 2024

We've uncovered THE ONE small-cap uranium stock that has unearthed a near-surface, high-grade uranium discovery in the Saudi Arabia of Uranium — Canada's prolific Athabasca Basin. Best of all, this small-cap uranium stock is currently flying just below Wall Street's radar… giving you the early-entry opportunity around US$0.30 per share. But that won't last long. Drills are turning right now with results set to be released to the market very, very soon.

Learn all about it in this brand new FREE online report.
Sponsored

This is the best moment for stocks to be purchased on the stock exchange. Investors should speculate on coffee grounds or research actual results, taking advantage of a time of quiet to make a reasonable decision regardless of the form of market analysis they choose.

Laird Superfood, Inc (LSF) is a stock exchange newcomer that only went public in September of last year. The company manufactures and sells a large variety of food ingredients and snack based on plants, and is best known for its brand of non-dairy specialty coffee creamers. Laird is targeted at clients who want their diet to diversify.

The business announced financial performance for the third quarter after the September IPO. Revenue amounted to $7.6 million which was very high, beating the estimate by more than 26%. Moreover, relative to previous year, the outcome improved by 118%. Online revenue growth of 115 percent YoY was also reported by the firm. E-commerce currently accounts for 49 percent of Laird’s net revenue, which during the pandemic was not unexpected.

Canaccord analyst Robert Burleson is hopeful. We continue to see LSF as an attractive platform to take advantage of strong growth trends in demand for plant-based products, noting the competitively differentiated multi-channel approach of LSF. We expect LSF to be able to leverage its brand and vertically integrated operations over time to achieve success in a wide range of categories of plant-based products, resulting in a wide range of plant-based product categories.

By setting a price target of $70, Burleson recommends a “Buy” for the stock. This forecast suggests the likelihood that the stock would raise by 53 percent throughout the year.

In their recommendation to buy, three Wall Street analysts are unanimous. The $62.33 average price target indicates this year’s expected rise of 37 percent.

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular