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Could Blue Apron Stock Really Soar 100% Because of Its Turnaround Efforts?

Could Blue Apron Stock Really Soar 100% Because of Its Turnaround Efforts?

Meal-kit company Blue Apron (NYSE: APRN) could hit $9 per share over the next 12 to 18 months, or at least that's the opinion of Ryan Meyers of Lake Street Capital Markets. According to financial news website The Fly, Meyers believes the stock is a buying opportunity, citing the company's turnaround plan and its balance sheet. As of this writing, Blue Apron stock trades at about $4.50 per share, meaning Meyers' price target represents an incredible 100% upside.