Canopy Gwth
(NASDAQ:CGC)
$9.96
0.41[4.29%]
At close: Mar 28
$9.96
0[0.00%]
PreMarket: 5:20AM EDT
Consensus Rating1
Underweight
Highest Price Target1
$55.00
Lowest Price Target1
$0.50
Consensus Price Target1
$7.19

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 -92.77% downside for Canopy Growth Corp from these 3 analyst ratings.

Analyst Rating Summary1

Analyst Ratings
Feb
0
0
0
0
0
Jan
0
0
0
0
0
Dec 23
0
0
0
0
0
Nov 23
0
0
0
0
0
Oct 23
0
0
0
0
0
Strong Buy
Buy
Hold
Sell
Strong Sell

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

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ticker
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Buy Now
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Current price
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Upside/Downside
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Analyst & % Accurate
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Price Target Change
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Previous / Current Rating
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Get Alert
09/15/2023CGCBuy Now
Canopy Gwth
$9.96-93.37%B of A Securities
Lisa Lewandowski
$5.6 → $6.6MaintainsUnderperformGet Alert
06/12/2023CGCBuy Now
Canopy Gwth
$9.96-94.98%CIBC
John Zamparo
$17.5 → $5MaintainsUnderperformerGet Alert
05/02/2023CGCBuy Now
Canopy Gwth
$9.96-89.96%Piper Sandler
Michael Lavery
$20 → $10MaintainsUnderweightGet Alert
02/17/2023CGCBuy Now
Canopy Gwth
$9.96-67.87%Cantor Fitzgerald
Pablo Zuanic
$33 → $32MaintainsNeutralGet Alert
11/07/2022CGCBuy Now
Canopy Gwth
$9.96-66.87%Cantor Fitzgerald
Pablo Zuanic
$30.5 → $33MaintainsNeutralGet Alert
11/02/2022CGCBuy Now
Canopy Gwth
$9.96-84.94%Bernstein
Nadine Sarwat
→ $15Initiates → UnderperformGet Alert
10/26/2022CGCBuy Now
Canopy Gwth
$9.96-69.38%Cantor Fitzgerald
Pablo Zuanic
$29 → $30.5MaintainsNeutralGet Alert
09/30/2022CGCBuy Now
Canopy Gwth
$9.96-79.92%Barclays
Gaurav Jain
$35 → $20MaintainsUnderweightGet Alert
08/08/2022CGCBuy Now
Canopy Gwth
$9.96-74.9%Piper Sandler
Michael Lavery
$30 → $25MaintainsUnderweightGet Alert
06/30/2022CGCBuy Now
Canopy Gwth
$9.96-69.88%Piper Sandler
Michael Lavery
$40 → $30MaintainsUnderweightGet Alert
06/08/2022CGCBuy Now
Canopy Gwth
$9.96-64.86%Barclays
Gaurav Jain
$60 → $35MaintainsUnderweightGet Alert
05/31/2022CGCBuy Now
Canopy Gwth
$9.96-59.84%Piper Sandler
Michael Lavery
$60 → $40MaintainsUnderweightGet Alert
03/22/2022CGCBuy Now
Canopy Gwth
$9.96—Barclays
Gaurav Jain
—DowngradeEqual-Weight → UnderweightGet Alert
03/01/2022CGCBuy Now
Canopy Gwth
$9.96-9.64%Barclays
Gaurav Jain
$140 → $90MaintainsEqual-WeightGet Alert
02/18/2022CGCBuy Now
Canopy Gwth
$9.9610.44%Cantor Fitzgerald
Pablo Zuanic
$96 → $110MaintainsNeutralGet Alert
12/22/2021CGCBuy Now
Canopy Gwth
$9.960.4%B of A Securities
Lisa Lewandowski
$190 → $100DowngradeNeutral → UnderperformGet Alert
12/20/2021CGCBuy Now
Canopy Gwth
$9.96-29.72%Piper Sandler
Michael Lavery
$110 → $70DowngradeNeutral → UnderweightGet Alert
12/07/2021CGCBuy Now
Canopy Gwth
$9.96-19.68%Wells Fargo
Chris Carey
→ $80Initiates → UnderweightGet Alert
11/18/2021CGCBuy Now
Canopy Gwth
$9.9640.56%Barclays
Gaurav Jain
→ $140Initiates → Equal-WeightGet Alert

FAQ

Q

What is the target price for Canopy Gwth (CGC)?

A

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 -93.37% downside). 3 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Canopy Gwth (CGC)?

A

The latest analyst rating for Canopy Gwth (NASDAQ: CGC) was provided by B of A Securities, and Canopy Gwth maintained their underperform rating.

Q

When was the last upgrade for Canopy Gwth (CGC)?

A

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.

Q

When was the last downgrade for Canopy Gwth (CGC)?

A

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.

Q

When is the next analyst rating going to be posted or updated for Canopy Gwth (CGC)?

A

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.

Q

Is the Analyst Rating Canopy Gwth (CGC) correct?

A

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 $9.96, which is out of the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.