Cronos Group Inc. (CRON)
NASDAQ: CRON · IEX Real-Time Price · USD
2.270
-0.030 (-1.30%)
At close: Jul 2, 2024, 4:00 PM
2.250
-0.020 (-0.88%)
After-hours: Jul 2, 2024, 7:35 PM EDT
Cronos Group Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for Cronos Group stock have an average target of 3.00, with a low estimate of 2.50 and a high estimate of 3.50. The average target predicts an increase of 32.16% from the current stock price of 2.27.
Analyst Consensus: Hold
* Price targets were last updated on May 15, 2024.
Analyst Ratings
The average analyst rating for Cronos Group stock from 2 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
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 | 1 | 1 |
| Hold | 1 | 1 | 1 | 1 | 0 | 0 |
| Sell | 1 | 1 | 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 |
|---|---|---|---|---|---|---|---|
| CIBC | CIBC | Buy Maintains $3 → $3.5 | Buy | Maintains | $3 → $3.5 | +54.19% | May 15, 2024 |
| B of A Securities | B of A Securities | Sell Maintains $2 → $2.5 | Sell | Maintains | $2 → $2.5 | +10.13% | Apr 8, 2024 |
| B of A Securities | B of A Securities | Sell Maintains $1.78 → $2 | Sell | Maintains | $1.78 → $2 | -11.89% | Dec 28, 2023 |
| Barclays | Barclays | Hold Maintains $3.5 → $3 | Hold | Maintains | $3.5 → $3 | +32.16% | May 15, 2023 |
| Bernstein | Bernstein | Hold Initiates $3 | Hold | Initiates | $3 | +32.16% | Nov 2, 2022 |
Financial Forecast
Revenue This Year
104.74M
from 87.24M
Increased by 20.06%
Revenue Next Year
129.27M
from 104.74M
Increased by 23.42%
EPS This Year
-0.05
from -0.19
EPS Next Year
0.01
from -0.05
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 111.5M | 148.8M | 166.4M | 149.4M | 135.1M |
| Avg | 104.7M | 129.3M | 146.9M | 135.1M | 131.2M |
| Low | 97.0M | 111.9M | 127.0M | 120.2M | 126.1M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 27.8% | 42.1% | 28.7% | 1.7% | -0.0% |
| Avg | 20.1% | 23.4% | 13.6% | -8.0% | -2.9% |
| Low | 11.2% | 6.8% | -1.8% | -18.2% | -6.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 0.01 | 0.11 | 0.08 | -0.07 | -0.07 |
| Avg | -0.05 | 0.01 | 0.07 | -0.07 | -0.07 |
| Low | -0.21 | -0.13 | 0.05 | -0.07 | -0.07 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | - | 723.5% | - | - |
| Avg | - | - | 550.0% | - | - |
| Low | - | - | 380.4% | - | - |
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.