Atrium Research analyst Nicholas Cortellucci maintained a Buy rating on Diamond Estates Wines & Spirits yesterday and set a price target of C$0.30.
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Nicholas Cortellucci has given his Buy rating due to a combination of factors, including Diamond Estates’ strong Q3/26 performance and signs of a successful turnaround. The company delivered 28% year-over-year revenue growth to $8.2M, beating his $7.1M forecast, while also posting its third straight quarter of expanding gross margins and solid adjusted EBITDA.
He also cites management’s optimistic outlook, underpinned by an expected near-record 2025 harvest, as reinforcing confidence in future growth. Given the improving fundamentals, operating leverage from higher margins, and the view that the shares still do not fully reflect this progress, he maintains a Buy recommendation and a $0.30 per share target price.
Based on the recent corporate insider activity of 8 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DWS in relation to earlier this year.