Akerna Corp. is a regulatory technology company that develops compliance solutions within the wider legal cannabis industry. With the industry set to grow in 2021 thanks to increased legalization of both recreational and medical cannabis in the United States, this is an important bargain stock to watch.
Akerna Corp. (NASDAQ: KERN) has generated strong growth momentum in recent sessions, making it one of the best picks for the beginning of this year. Akerna serves both producers and the government. It develops tracking systems for government agencies to help with regulatory compliance in the Cannabis industry. It also develops seed-to-sales platforms where cannabis developers and distributors can track their performance and development analytics to aid in business decision making.
This stock gained 4.63% in the first session of the year, helping to turn around its recent losses. The average target price of $8.00 suggests that this early momentum could continue in the first quarter of the year. Any investor looking for a bargain cannabis pick that has the potential to grow should consider Akerna Corp. in 2021.
- 1 Year Price Growth: -55.36%
- YTD Price Growth: 63%
- 3 Month Price Growth: -13.96%
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.