Comments
Loading...

Canopy Gwth

CGCNASDAQ
Logo brought to you by Benzinga Data
$2.93
0.103.53%
Pre-Market: 6:17 AM EDT
Consensus Rating1
Underweight
Highest Price Target1
$3.20
Lowest Price Target1
$0.50
Consensus Price Target1
$1.64

Canopy Gwth (NASDAQ:CGC) Stock, Analyst Ratings, Price Targets, Forecasts

Canopy Growth Corp has a consensus price target of $1.64 based on the ratings of 6 analysts. The high is $3.2 issued by Cantor Fitzgerald on February 17, 2023. 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 -64.05% downside for Canopy Growth Corp from these most-recent analyst ratings.

Analyst Trends and Forecast
1
Jul
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
12345
1.3
Strong Sell
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

Piper Sandler
B of A Securities
CIBC
Cantor Fitzgerald
Bernstein

1calculated from analyst ratings

Analyst Ratings for Canopy Gwth

Data brought to you by Benzinga APIs

FAQ

Q

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

A

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 -31.74% downside). 1 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 Piper Sandler, and Canopy Gwth maintained their underweight rating.

Q

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

A

There is no last upgrade for Canopy Gwth

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 July 9, 2024 so you should expect the next rating to be made available sometime around July 9, 2025.

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 $3.00 to $2.00. The current price Canopy Gwth (CGC) is trading at is $2.93, which is out of the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.