Analyst Reiterates Buy on cbdMD, Maintains $2 Price Target Amid Solid Revenue Momentum and Strategic Expansion

Tip Ranks
2026.05.16 12:15
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Analyst Anthony Vendetti from Maxim Group maintains a Buy rating on cbdMD with a $2 price target, citing strong revenue momentum and strategic expansion. He notes that F2Q26 revenue exceeded expectations, aided by core product sales and the Bluebird Botanicals acquisition. Vendetti highlights cbdMD's solid balance sheet, modest cash burn, and access to a $10M equity line. He sees long-term potential in the new clinical healthcare channel and believes integration of Bluebird will yield cost synergies. The $2 target reflects a DCF-based valuation at a discount to peers.