Canopy Growth Corporation (CGC)

Canopy Growth Stock Forecast

Stock Price Forecast

The 1 analyst with a 12-month price forecast for Canopy Growth stock has a target of 6.60, which predicts an increase of 5.43% from the current stock price of 6.26.

Analyst Consensus: Sell

Target	Low	Average	Median	High
Price	$6.60	$6.60	$6.60	$6.60
Change	+5.43%	+5.43%	+5.43%	+5.43%

* Price targets were last updated on Sep 15, 2023.

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	Jan '24	Feb '24	Mar '24	Apr '24	May '24	Jun '24
Strong Buy	0	0	0	0	0	0
Buy	0	0	0	0	0	0
Hold	1	1	1	1	1	0
Sell	5	5	5	5	5	1
Strong Sell	0	0	0	0	0	0
Total	6	6	6	6	6	1

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Lisa Lewandowski B of A Securities	B of A Securities	Sell Maintains $5.6 → $6.6	Sell	Maintains	$5.6 → $6.6	+5.43%	Sep 15, 2023
John Zamparo CIBC	CIBC	Sell Maintains $18 → $5	Sell	Maintains	$18 → $5	-20.13%	Jun 12, 2023
Michael Lavery Piper Sandler	Piper Sandler	Sell Maintains $20 → $10	Sell	Maintains	$20 → $10	+59.74%	May 2, 2023
Pablo Zuanic Cantor Fitzgerald	Cantor Fitzgerald	Hold Maintains $33 → $32	Hold	Maintains	$33 → $32	+411.18%	Feb 17, 2023
Pablo Zuanic Cantor Fitzgerald	Cantor Fitzgerald	Hold Maintains $31 → $33	Hold	Maintains	$31 → $33	+427.16%	Nov 7, 2022

More Analyst Ratings

Financial Forecast

Revenue This Year

307.80M

Increased by 3.59%

from 297.15M

Revenue Next Year

325.95M

Increased by 5.90%

from 307.80M

EPS This Year

-1.72

from -8.79

EPS Next Year

-1.28

from -1.72

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	398.77M	546.65M	475.70M	333.25M	297.15M	307.80M	325.95M	374.18M	429.52M	574.39M
Revenue Growth	76.18%	37.08%	-12.98%	-29.94%	-10.83%	3.59%	5.90%	14.80%	14.79%	33.73%
EPS	-38.00	-46.90	-7.92	-70.69	-8.79	-1.72	-1.28	-0.50	-0.21	0.02
EPS Growth	-	-	-	-	-	-	-	-	-	-
Forward PE	-	-	-	-	-	-	-	-	-	306.86
No. Analysts	-	-	-	-	-	12	8	5	4	4

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	338.0M	348.6M	390.1M	442.2M	591.3M
Avg	307.8M	326.0M	374.2M	429.5M	574.4M
Low	284.2M	300.9M	351.4M	412.7M	551.9M

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	13.7%	13.3%	19.7%	18.2%	37.7%
Avg	3.6%	5.9%	14.8%	14.8%	33.7%
Low	-4.4%	-2.3%	7.8%	10.3%	28.5%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	-1.32	-0.82	-0.25	0.12	0.23
Avg	-1.72	-1.28	-0.50	-0.21	0.02
Low	-2.32	-1.89	-0.74	-0.52	-0.18

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.