Canopy Growth Corporation (CGC)

Canopy Growth Stock Forecast

Stock Price Forecast

The 2 analysts with 12-month price forecasts for Canopy Growth stock have an average target of 2, which predicts a 60% increase from the current stock price of 1.25.

Price Target: $2 (+60%)

Analyst Consensus: Sell

Target	Low	Average	Median	High
Price	$2.00	$2.00	$2.00	$2.00
Change	+60.00%	+60.00%	+60.00%	+60.00%

* Price targets were last updated on Jul 9, 2024.

Analyst Ratings

The average analyst rating for Canopy Growth stock is "Sell". This means that analysts believe this stock is likely to lead to lower returns than market as a whole.

Recommendation Trends

Rating	Jan '25	Feb '25	Mar '25	Apr '25	May '25	Jun '25
Strong Buy	0	0	0	0	0	0
Buy	0	0	0	0	0	0
Hold	0	0	1	1	1	1
Sell	2	2	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	2	2	2	2	2	2

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Pablo Zuanic Zuanic & Associates	Zuanic & Associates	Hold Initiates n/a	Hold	Initiates	n/a	n/a	Mar 27, 2025
Michael Lavery Piper Sandler	Piper Sandler	Sell Maintains $3 → $2	Sell	Maintains	$3 → $2	+60.00%	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	+428.00%	Sep 15, 2023
John Zamparo CIBC	CIBC	Sell Maintains $18 → $5	Sell	Maintains	$18 → $5	+300.00%	Jun 12, 2023
Michael Lavery Piper Sandler	Piper Sandler	Sell Maintains $20 → $10	Sell	Maintains	$20 → $10	+700.00%	May 2, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

301.26M

Increased by 11.99%

from 269.00M

Revenue Next Year

321.88M

Increased by 6.84%

from 301.26M

EPS This Year

-0.59

from -5.56

EPS Next Year

-0.46

from -0.59

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027	FY 2028
Period Ending	Mar 31, 2021	Mar 31, 2022	Mar 31, 2023	Mar 31, 2024	Mar 31, 2025	Mar 31, 2026	Mar 31, 2027	Mar 31, 2028
Revenue	546.65M	475.70M	333.25M	297.15M	269.00M	301.26M	321.88M	334.76M
Revenue Growth	37.08%	-12.98%	-29.95%	-10.84%	-9.47%	11.99%	6.84%	4.00%
EPS	-46.95	-7.92	-70.69	-8.79	-5.56	-0.59	-0.46	-0.68
EPS Growth	-	-	-	-	-	-	-	-
Forward PE	-	-	-	-	-	-	-	-
No. Analysts	-	-	-	-	-	9	5	3

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

Revenue Forecast

Revenue	2026	2027	2028	2029	2030
High	317.5M	338.1M	364.4M
Avg	301.3M	321.9M	334.8M
Low	285.2M	301.8M	303.2M

Revenue Growth

Revenue Growth	2026	2027	2028	2029	2030
High	18.0%	12.2%	13.2%
Avg	12.0%	6.8%	4.0%
Low	6.0%	0.2%	-5.8%

EPS Forecast

EPS	2026	2027	2028	2029
High	0.25	-0.30	-0.70
Avg	-0.59	-0.46	-0.68
Low	-1.04	-0.61	-0.66

EPS Growth

EPS Growth	2026	2027	2028	2029
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.