5 Best Vertical Farming and Hydroponic Stocks to Buy

4. Local Bounti Corporation (NYSE:LOCL)

Number of Hedge Fund Holders: 9

Local Bounti Corporation (NYSE:LOCL) is a controlled-environment agriculture company using patent-pending Stack & Flow Technology. This is a hybrid of vertical farming and hydroponic greenhouse farming, used to grow healthy food sustainably.

A Buy rating was reiterated on Local Bounti Corporation (NYSE:LOCL) shares on April 3 by Roth MKM’s Brian Wright.

Analysts see Local Bounti Corporation (NYSE:LOCL) as a Moderate Buy, considering there are two Buy ratings on the stock. They have placed an average price target of $2.75 on the shares, which were trading at $0.51 on May 1. This gives the stock an upside potential of 2.75%.

Nine hedge funds were long Local Bounti Corporation (NYSE:LOCL) in the fourth quarter. Their total stake value in the company was $3.1 million.

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