14 Best 52-Week High Stocks To Buy According to Analysts

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8. SunOpta Inc. (NASDAQ:STKL)

52 Week Range: $4.88 – $8.11

Current Share Price: $7.34

Stock Upside Potential: 40.11%

Number of Hedge Fund Holders: 18

SunOpta Inc. (NASDAQ:STKL) engages in the manufacture and sale of plant-based and fruit-based food and beverage products. It provides plant-based beverages utilizing oats, almonds, soy, coconut, and rice. The stock was on a roll, rallying by 30% in 2024. The rally came after the company announced plans to expand its Dream Oatmilk Barista product distribution to 6,700 locations across North America.

Reports suggest that SunOpta Inc. (NASDAQ:STKL) could be in partnership with Starbucks as part of the expansion drive in North America is another catalyst that should strengthen growth metrics. Likewise, the distribution deal is expected to take advantage of the company’s existing manufacturing infrastructure, including its Modesto facility in California. The expanded reach of the Oatmilk products should support the company’s financial trajectory.

SunOpta Inc.’s (NASDAQ:STKL) business development pipeline has been a key driver of its 2024 performance, and this expansion confirms its efficacy. Second, as the advantages of the wider distribution materialize, it is anticipated to boost investor confidence for the fiscal year 2025. The expansion drive should strengthen the company’s revenue base, driven by 20% volume growth.

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