Could SmileDirectClub Stock Blast 54% Higher?

Although SmileDirectClub (NASDAQ: SDC) is habitually loss-making, many bullish investors and pundits believe in the company.

A new one is Stephens; it was revealed after market hours on Thursday that the investment bank initiated coverage on the stock with an overweight recommendation. It also placed an $11 price target on the shares, which if realized would mean nearly 54% upside from Wednesday's closing price.

SmileDirectClub aligners. Image source: SmileDirectClub.

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Source Fool.com