Canopy Growth Corp has a consensus price target of $2.55 based on the ratings of 8 analysts. The high is $8 issued by Wells Fargo on December 7, 2021. The low is $0.5 issued by CIBC on June 12, 2023. The 3 most-recent analyst ratings were released by Piper Sandler, B of A Securities, and CIBC on July 9, 2024, September 15, 2023, and June 12, 2023, respectively. With an average price target of $1.05 between Piper Sandler, B of A Securities, and CIBC, there's an implied -83.07% downside for Canopy Growth Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Canopy Gwth (NASDAQ:CGC) was reported by Piper Sandler on July 9, 2024. The analyst firm set a price target for $2.00 expecting CGC to fall to within 12 months (a possible -67.85% downside). 2 analyst firms have reported ratings in the last year.
The latest analyst rating for Canopy Gwth (NASDAQ:CGC) was provided by Piper Sandler, and Canopy Gwth maintained their underweight rating.
There is no last upgrade for Canopy Gwth
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.
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 July 9, 2024 so you should expect the next rating to be made available sometime around July 9, 2025.
While ratings are subjective and will change, the latest Canopy Gwth (CGC) rating was a maintained with a price target of $3.00 to $2.00. The current price Canopy Gwth (CGC) is trading at is $6.22, which is out of the analyst’s predicted range.
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