Cannabis Akerna Corp. (NASDAQ: KERN) is a technology company that specializes in the cannabis industry. It develops proprietary supply chain management software aimed specifically at cannabis producers, seed developers, and companies involved in processing and distribution. While Akerna has reported mixed earnings in recent quarters, analysts believe that there is a strong upside to come.

The average target for this stock is $15, suggesting strong gains for investors who buy at today’s price. Revenue has increased by 35% over the previous year and is expected to increase by as much as 45% in the next fiscal year. Growing earnings will help to support the company’s expansion and ensure continued operations.

While there’s high potential in this pick, profitability is likely at least three years away. This could mean volatility and mixed fiscal earnings in the years to come. There’s risk here, but investors looking for a promising cannabis pick that can grow along with the market will find this to be an interesting option. Its low price makes it suitable for bargain-focused portfolios.

Akerna will report quarterly earnings on Thursday, September 24. Investors interested in this pick but wanting the latest financial guidance should wait until the end of the week before taking a position on the stock.

Key Data:

  • 1 Year Price Growth: -47.34%
  • YTD Price Growth: -51.84%
  • 3 Month Price Growth: -49.88%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.