Canopy Growth Corporation (CGC)
NASDAQ: CGC · Real-Time Price · USD
4.420
-0.160 (-3.49%)
At close: Oct 4, 2024, 4:00 PM
4.460
+0.040 (0.90%)
After-hours: Oct 4, 2024, 7:49 PM EDT
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 -54.75% from the current stock price of 4.42.
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 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
---|---|---|---|---|---|---|
Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
Buy | 0 | 0 | 0 | 0 | 0 | 0 |
Hold | 1 | 1 | 0 | 0 | 0 | 0 |
Sell | 5 | 5 | 2 | 2 | 2 | 1 |
Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 6 | 6 | 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 | -54.75% | Jul 9, 2024 |
B of A Securities | B of A Securities | Sell Maintains $5.6 → $6.6 | Sell | Maintains | $5.6 → $6.6 | +49.32% | Sep 15, 2023 |
CIBC | CIBC | Sell Maintains $18 → $5 | Sell | Maintains | $18 → $5 | +13.12% | Jun 12, 2023 |
Piper Sandler | Piper Sandler | Sell Maintains $20 → $10 | Sell | Maintains | $20 → $10 | +126.24% | May 2, 2023 |
Cantor Fitzgerald | Cantor Fitzgerald | Hold Maintains $33 → $32 | Hold | Maintains | $33 → $32 | +623.98% | Feb 17, 2023 |
Financial Forecast
Revenue This Year
292.62M
from 297.15M
Decreased by -1.52%
Revenue Next Year
321.18M
from 292.62M
Increased by 9.76%
EPS This Year
-2.29
from -8.79
EPS Next Year
-1.27
from -2.29
Revenue Forecast
Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 322.6M | 344.4M | 376.4M | ||
Avg | 292.6M | 321.2M | 356.1M | ||
Low | 259.7M | 284.2M | 331.0M |
Revenue Growth
Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 8.6% | 17.7% | 17.2% | ||
Avg | -1.5% | 9.8% | 10.9% | ||
Low | -12.6% | -2.9% | 3.0% |
EPS Forecast
EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | -1.35 | -0.72 | -0.48 | ||
Avg | -2.29 | -1.27 | -0.78 | ||
Low | -3.06 | -1.71 | -1.04 |
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.