Canopy Growth Corporation (CGC)

NASDAQ: CGC · Real-Time Price · USD

2.830

+0.120 (4.43%)

At close: Dec 20, 2024, 4:00 PM

2.840

+0.010 (0.35%)

After-hours: Dec 20, 2024, 7:53 PM EST

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 -29.33% from the current stock price of 2.83.

Analyst Consensus: Sell

Target	Low	Average	Median	High
Price	$2.00	$2.00	$2.00	$2.00
Change	-29.33%	-29.33%	-29.33%	-29.33%

* 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	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24	Dec '24
Strong Buy	0	0	0	0	0	0
Buy	0	0	0	0	0	0
Hold	0	0	0	0	0	0
Sell	2	2	2	2	2	1
Strong Sell	0	0	0	0	0	0
Total	2	2	2	2	2	1

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Michael Lavery Piper Sandler	Piper Sandler	Sell Maintains $3 → $2	Sell	Maintains	$3 → $2	-29.33%	Jul 9, 2024
Lisa Lewandowski B of A Securities	B of A Securities	Sell Maintains $5.6 → $6.6	Sell	Maintains	$5.6 → $6.6	+133.22%	Sep 15, 2023
John Zamparo CIBC	CIBC	Sell Maintains $18 → $5	Sell	Maintains	$18 → $5	+76.68%	Jun 12, 2023
Michael Lavery Piper Sandler	Piper Sandler	Sell Maintains $20 → $10	Sell	Maintains	$20 → $10	+253.36%	May 2, 2023
Pablo Zuanic Cantor Fitzgerald	Cantor Fitzgerald	Hold Maintains $33 → $32	Hold	Maintains	$33 → $32	+1,030.74%	Feb 17, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

271.16M

from 297.15M

-8.75%

from 297.15M

Revenue Next Year

294.71M

from 271.16M

8.68%

from 271.16M

EPS This Year

-3.43

from -8.79

EPS Next Year

-1.19

from -3.43

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Mar 31, 2020	Mar 31, 2021	Mar 31, 2022	Mar 31, 2023	Mar 31, 2024	Mar 31, 2025	Mar 31, 2026	Mar 31, 2027
Revenue	398.77M	546.65M	475.70M	333.25M	297.15M	271.16M	294.71M	338.05M
Revenue Growth	76.18%	37.08%	-12.98%	-29.94%	-10.83%	-8.75%	8.68%	14.71%
EPS	-37.96	-46.95	-7.92	-70.69	-8.79	-3.43	-1.19	-0.97
EPS Growth	-	-	-	-	-	-	-	-
Forward PE	-	-	-	-	-	-	-	-
No. Analysts	-	-	-	-	-	13	10	4

Financial currency is CAD. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027
High	302.3M	344.4M	360.7M
Avg	271.2M	294.7M	338.1M
Low	194.0M	211.6M	304.6M

Revenue Growth

Revenue Growth	2025	2026	2027
High	1.7%	27.0%	22.4%
Avg	-8.7%	8.7%	14.7%
Low	-34.7%	-22.0%	3.4%

EPS Forecast

EPS	2025	2026	2027
High	-1.54	-0.49	-0.77
Avg	-3.43	-1.19	-0.97
Low	-4.77	-1.84	-1.14

EPS Growth

EPS Growth	2025	2026	2027
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.