Canopy Growth Corporation (CGC)
NASDAQ: CGC · IEX Real-Time Price · USD
7.83
+1.34 (20.65%)
At close: Apr 18, 2024, 4:00 PM
7.44
-0.39 (-4.98%)
After-hours: Apr 18, 2024, 7:59 PM EDT
Canopy Growth Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for Canopy Growth stock have an average target of 7.20, with a low estimate of 5.00 and a high estimate of 10. The average target predicts a decrease of -8.05% from the current stock price of 7.83.
Analyst Consensus: Sell
* Price targets were last updated on Sep 15, 2023.
Analyst Ratings
The average analyst rating for Canopy Growth stock from 3 stock analysts is "Sell". This means that analysts believe this stock is likely to lead to lower returns than market as a whole.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '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 | 3 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 6 | 6 | 6 | 6 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B of A Securities | B of A Securities | Sell Maintains $5.6 → $6.6 | Sell | Maintains | $5.6 → $6.6 | -15.71% | Sep 15, 2023 |
| CIBC | CIBC | Sell Maintains $18 → $5 | Sell | Maintains | $18 → $5 | -36.14% | Jun 12, 2023 |
| Piper Sandler | Piper Sandler | Sell Maintains $20 → $10 | Sell | Maintains | $20 → $10 | +27.71% | May 2, 2023 |
| Cantor Fitzgerald | Cantor Fitzgerald | Hold Maintains $33 → $32 | Hold | Maintains | $33 → $32 | +308.68% | Feb 17, 2023 |
| Cantor Fitzgerald | Cantor Fitzgerald | Hold Maintains $31 → $33 | Hold | Maintains | $31 → $33 | +321.46% | Nov 7, 2022 |
Financial Forecast
Revenue This Year
332.14M
from 402.90M
Decreased by -17.56%
Revenue Next Year
326.06M
from 332.14M
Decreased by -1.83%
EPS This Year
-5.54
from -70.70
EPS Next Year
-1.37
from -5.54
Revenue Forecast
| Revenue | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|
| High | 401.1M | 519.8M | 582.8M | 618.2M | 647.4M | 684.3M |
| Avg | 332.1M | 326.1M | 375.7M | 566.4M | 628.9M | 664.7M |
| Low | 286.3M | 283.4M | 295.0M | 511.4M | 604.3M | 638.6M |
Revenue Growth
| Revenue Growth | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|
| High | -0.4% | 56.5% | 78.7% | 64.6% | 14.3% | 8.8% |
| Avg | -17.6% | -1.8% | 15.2% | 50.8% | 11.0% | 5.7% |
| Low | -28.9% | -14.7% | -9.5% | 36.1% | 6.7% | 1.5% |
EPS Forecast
| EPS | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|
| High | -2.10 | -0.63 | -0.51 | -0.02 | 0.02 | 0.03 |
| Avg | -5.54 | -1.37 | -1.19 | -0.02 | 0.02 | 0.03 |
| Low | -8.27 | -2.03 | -1.77 | -0.02 | 0.02 | 0.03 |
EPS Growth
| EPS Growth | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|
| High | - | - | - | - | - | 57.5% |
| Avg | - | - | - | - | - | 53.0% |
| Low | - | - | - | - | - | 47.0% |
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.