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Canopy Gwth
(NASDAQ:CGC)Canopy Gwth Stock (NASDAQ:CGC), Analyst Ratings, Price Targets, Predictions
Canopy Growth Corp has a consensus price target of $7.19, established from looking at the 22 latest analyst ratings. The last 3 analyst ratings were released from B of A Securities, CIBC, and Piper Sandler on September 15, 2023, June 12, 2023, and May 2, 2023. With an average price target of $0.72 between B of A Securities, CIBC, and Piper Sandler, there's an implied -93.35% downside for Canopy Growth Corp from these 3 analyst ratings.
Analyst Firms Making Recommendations1
B of A Securities
CIBC
Piper Sandler
Cantor Fitzgerald
Bernstein
1calculated from analyst ratings published within the last 3 years
Analyst Ratings for Canopy Gwth
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 09/15/2023 | Buy Now | -93.9% | B of A Securities | Lisa Lewandowski | $5.6 → $6.6 | Maintains | Underperform | Get Alert |
| 06/12/2023 | Buy Now | -95.38% | CIBC | John Zamparo | $17.5 → $5 | Maintains | Underperformer | Get Alert |
| 05/02/2023 | Buy Now | -90.76% | Piper Sandler | Michael Lavery | $20 → $10 | Maintains | Underweight | Get Alert |
| 02/17/2023 | Buy Now | -70.43% | Cantor Fitzgerald | Pablo Zuanic | $33 → $32 | Maintains | Neutral | Get Alert |
| 11/07/2022 | Buy Now | -69.51% | Cantor Fitzgerald | Pablo Zuanic | $30.5 → $33 | Maintains | Neutral | Get Alert |
| 11/02/2022 | Buy Now | -86.14% | Bernstein | Nadine Sarwat | → $15 | Initiates | → Underperform | Get Alert |
| 10/26/2022 | Buy Now | -71.82% | Cantor Fitzgerald | Pablo Zuanic | $29 → $30.5 | Maintains | Neutral | Get Alert |
| 09/30/2022 | Buy Now | -81.52% | Barclays | Gaurav Jain | $35 → $20 | Maintains | Underweight | Get Alert |
| 08/08/2022 | Buy Now | -76.9% | Piper Sandler | Michael Lavery | $30 → $25 | Maintains | Underweight | Get Alert |
| 06/30/2022 | Buy Now | -72.28% | Piper Sandler | Michael Lavery | $40 → $30 | Maintains | Underweight | Get Alert |
| 06/08/2022 | Buy Now | -67.66% | Barclays | Gaurav Jain | $60 → $35 | Maintains | Underweight | Get Alert |
| 05/31/2022 | Buy Now | -63.04% | Piper Sandler | Michael Lavery | $60 → $40 | Maintains | Underweight | Get Alert |
| 03/22/2022 | Buy Now | — | Barclays | Gaurav Jain | — | Downgrade | Equal-Weight → Underweight | Get Alert |
| 03/01/2022 | Buy Now | -16.84% | Barclays | Gaurav Jain | $140 → $90 | Maintains | Equal-Weight | Get Alert |
| 02/18/2022 | Buy Now | 1.64% | Cantor Fitzgerald | Pablo Zuanic | $96 → $110 | Maintains | Neutral | Get Alert |
| 12/22/2021 | Buy Now | -7.6% | B of A Securities | Lisa Lewandowski | $190 → $100 | Downgrade | Neutral → Underperform | Get Alert |
| 12/20/2021 | Buy Now | -35.32% | Piper Sandler | Michael Lavery | $110 → $70 | Downgrade | Neutral → Underweight | Get Alert |
| 12/07/2021 | Buy Now | -26.08% | Wells Fargo | Chris Carey | → $80 | Initiates | → Underweight | Get Alert |
| 11/18/2021 | Buy Now | 29.37% | Barclays | Gaurav Jain | → $140 | Initiates | → Equal-Weight | Get Alert |
| 11/08/2021 | Buy Now | — | Cowen & Co. | Vivien Azer | — | Downgrade | Outperform → Market Perform | Get Alert |
| 08/12/2021 | Buy Now | — | Jefferies | Owen Bennett | — | Upgrade | Underperform → Hold | Get Alert |
| 05/25/2021 | Buy Now | 408.22% | MKM Partners | Bill Kirk | → $550 | Upgrade | Neutral → Buy | Get Alert |
FAQ
What is the target price for Canopy Gwth (CGC)?
The latest price target for Canopy Gwth (NASDAQ: CGC) was reported by B of A Securities on September 15, 2023. The analyst firm set a price target for $0.66 expecting CGC to fall to within 12 months (a possible -93.90% downside). 2 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Canopy Gwth (CGC)?
The latest analyst rating for Canopy Gwth (NASDAQ: CGC) was provided by B of A Securities, and Canopy Gwth maintained their underperform rating.
When was the last upgrade for Canopy Gwth (CGC)?
The last upgrade for Canopy Growth Corp happened on August 12, 2021 when Jefferies raised their price target to N/A. Jefferies previously had an underperform for Canopy Growth Corp.
When was the last downgrade for Canopy Gwth (CGC)?
The last downgrade for Canopy Growth Corp happened on March 22, 2022 when Barclays changed their price target from N/A to N/A for Canopy Growth Corp.
When is the next analyst rating going to be posted or updated for Canopy Gwth (CGC)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Canopy Gwth, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Canopy Gwth was filed on September 15, 2023 so you should expect the next rating to be made available sometime around September 15, 2024.
Is the Analyst Rating Canopy Gwth (CGC) correct?
While ratings are subjective and will change, the latest Canopy Gwth (CGC) rating was a maintained with a price target of $0.56 to $0.66. The current price Canopy Gwth (CGC) is trading at is $10.82, which is out of the analyst’s predicted range.
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