Canopy Growth Corporation (CGC)
NASDAQ: CGC · Real-Time Price · USD
3.970
-0.180 (-4.34%)
Nov 26, 2024, 3:24 PM EST - Market open
Canopy Growth Stock Forecast
Stock Price Forecast
The 1 analyst with a 12-month price forecast for Canopy Growth stock has a target of 2.00, which predicts a decrease of -49.62% from the current stock price of 3.97.
Analyst Consensus: Sell
* Price targets were last updated on Jul 9, 2024.
Analyst Ratings
According to 1 stock analyst, the rating for Canopy Growth is "Sell". This means that the analyst believes this stock is likely to lead to lower returns than market as a whole.
Recommendation Trends
| Rating | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 1 | 0 | 0 | 0 | 0 | 0 |
| Sell | 5 | 2 | 2 | 2 | 2 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 2 | 2 | 2 | 2 | 1 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Piper Sandler | Piper Sandler | Sell Maintains $3 → $2 | Sell | Maintains | $3 → $2 | -49.62% | Jul 9, 2024 |
| B of A Securities | B of A Securities | Sell Maintains $5.6 → $6.6 | Sell | Maintains | $5.6 → $6.6 | +66.25% | Sep 15, 2023 |
| CIBC | CIBC | Sell Maintains $18 → $5 | Sell | Maintains | $18 → $5 | +25.95% | Jun 12, 2023 |
| Piper Sandler | Piper Sandler | Sell Maintains $20 → $10 | Sell | Maintains | $20 → $10 | +151.90% | May 2, 2023 |
| Cantor Fitzgerald | Cantor Fitzgerald | Hold Maintains $33 → $32 | Hold | Maintains | $33 → $32 | +706.07% | Feb 17, 2023 |
Financial Forecast
Revenue This Year
281.28M
from 297.15M
Decreased by -5.34%
Revenue Next Year
303.12M
from 281.28M
Increased by 7.76%
EPS This Year
-2.49
from -8.79
EPS Next Year
-0.95
from -2.49
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 322.6M | 344.4M | 368.6M | ||
| Avg | 281.3M | 303.1M | 345.0M | ||
| Low | 199.5M | 217.6M | 319.4M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 8.6% | 22.4% | 21.6% | ||
| Avg | -5.3% | 7.8% | 13.8% | ||
| Low | -32.9% | -22.6% | 5.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -1.35 | 0.50 | -0.48 | ||
| Avg | -2.49 | -0.95 | -0.77 | ||
| Low | -3.13 | -1.71 | -1.05 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | - | - | ||
| Avg | - | - | - | ||
| Low | - | - | - |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.