Is Aurora Cannabis Stock a Buy?

Even after soaring by more than 125% over the past week, shares of Aurora Cannabis (NYSE: ACB) still have plenty of upside.

So says investment bank Ladenburg Thalmann, which reiterated its buy rating on Aurora's stock on Monday. Even after cutting his price target in half, analyst Glenn Mattson says Aurora's shares are still worth significantly more than the price at which they're currently trading. Mattson thinks the marijuana industry leader's stock is worth at least $18, which is about 24% more than shares were fetching at 1:15 p.m. EDT Tuesday.

Aurora Cannabis's stock is still a buy, according to analysts at Ladenburg Thalmann. Image source: Getty Images.