Canopy Growth - CGC Stock Price Target and Predictions

Target and Analyst Ratings
Price Target History
Upgrades and Downgrades
News Sentiment
About
FAQ

Consensus Rating: Sell
Consensus Price Target: $4.87
Forecasted Upside: -55.15%
Number of Analysts: 3
Breakdown:
2 Sell Ratings
1 Hold Ratings
0 Buy Ratings
0 Strong Buy Ratings

^$10.85 As of 05/17/2024 01:00 AM ET

▼ -0.15 (-1.36%)

1 month | 3 months | 12 months

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Analyst Price Target for CGC

^$4.87

▼ -55.15% Downside Potential

This price target is based on 3 analysts offering 12 month price targets for Canopy Growth in the last 3 months. The average price target is $4.87, with a high forecast of $6.60 and a low forecast of $3.00. The average price target represents a -55.15% upside from the last price of $10.85.

Current Consensus is Sell

The current consensus among 3 contributing investment analysts is to sell stock in Canopy Growth. This Sell consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

0 strong buy ratings
0 buy ratings
1 hold ratings
2 sell ratings

Ratings as of

11/25/2022

0 strong buy ratings
0 buy ratings
1 hold ratings
2 sell ratings

Ratings as of

2/23/2023

0 strong buy ratings
0 buy ratings
1 hold ratings
2 sell ratings

Ratings as of

5/24/2023

0 strong buy ratings
0 buy ratings
1 hold ratings
2 sell ratings

Ratings as of

8/22/2023

0 strong buy ratings
0 buy ratings
1 hold ratings
2 sell ratings

Ratings as of

11/20/2023

0 strong buy ratings
0 buy ratings
1 hold ratings
2 sell ratings

Ratings as of

2/18/2024

0 strong buy ratings
0 buy ratings
1 hold ratings
2 sell ratings

Ratings as of

4/18/2024

0 strong buy ratings
0 buy ratings
1 hold ratings
2 sell ratings

Ratings as of

5/18/2024

Latest Recommendations

Show Most Recent Rating from Each Ratings Firm Show All Ratings

Date	Brokerage	Action	Rating	Price Target	Impact on Share Price
2/12/2024	Piper Sandler	Lower Target	Underperform	$5.00 ➝ $3.00	Low
1/31/2024	Sanford C. Bernstein	Boost Target	Market Perform	$5.00	Low
9/15/2023	Bank of America	Boost Target	Underperform ➝ Underperform	$5.60 ➝ $6.60	Low
5/2/2023	Piper Sandler	Lower Target		$20.00 ➝ $10.00	Low
5/1/2023	BMO Capital Markets	Upgrade	Underperform ➝ Market Perform		Low
4/4/2023	Sanford C. Bernstein	Upgrade	Underperform ➝ Market Perform		Low
2/17/2023	Cantor Fitzgerald	Lower Target	Neutral	$33.00 ➝ $32.00	N/A
2/13/2023	Roth Capital	Reiterated Rating	Buy		Low
2/10/2023	CIBC	Lower Target		C$25.00 ➝ C$17.50	Low
2/9/2023	Alliance Global Partners	Lower Target		C$45.00 ➝ C$35.00	Low
2/1/2023	CIBC	Lower Target		C$30.00 ➝ C$25.00	Low
11/7/2022	Canaccord Genuity Group	Boost Target	Hold ➝ Hold	C$42.50 ➝ C$50.00	Low
11/1/2022	Sanford C. Bernstein	Initiated Coverage	Underperform	$15.00	Low
10/26/2022	Canaccord Genuity Group	Upgrade	Sell ➝ Hold	C$27.50 ➝ C$42.50	Low
10/26/2022	Cantor Fitzgerald	Boost Target	Neutral	$29.00 ➝ $30.50	Low
10/25/2022	Alliance Global Partners	Boost Target		C$35.00 ➝ C$40.00	Low
9/30/2022	Barclays	Lower Target	Underweight	$35.00 ➝ $20.00	Low
8/8/2022	Piper Sandler	Lower Target	Underweight	$30.00 ➝ $25.00	Low
7/5/2022	Bank of America	Lower Target	Underperform ➝ Underperform	$30.00 ➝ $23.30	N/A
7/1/2022	Canaccord Genuity Group	Lower Target	Sell ➝ Sell	C$45.00 ➝ C$35.00	Low
6/30/2022	Piper Sandler	Lower Target	Underweight	$40.00 ➝ $30.00	Low
6/29/2022	MKM Partners	Lower Target	Buy ➝ Buy	C$170.00 ➝ C$130.00	Low
6/8/2022	BMO Capital Markets	Downgrade	Market Perform ➝ Underperform		Low
6/8/2022	Barclays	Lower Target	Underweight	$60.00 ➝ $35.00	Low
6/1/2022	Oppenheimer	Reiterated Rating	Market Perform		Medium
5/31/2022	Canaccord Genuity Group	Lower Target		C$60.00 ➝ C$45.00	Low
5/31/2022	CIBC	Lower Target		C$65.00 ➝ C$50.00	Medium
5/31/2022	Piper Sandler	Lower Target	Underweight	$60.00 ➝ $40.00	Medium
5/30/2022	Cowen	Lower Target	Buy	$50.00	Medium
5/27/2022	Cfra	Reiterated Rating	Hold	$100.00	N/A
5/27/2022	Alliance Global Partners	Lower Target		C$80.00 ➝ C$70.00	Low
5/27/2022	Benchmark	Downgrade	Hold ➝ Sell		Low
5/20/2022	Alliance Global Partners	Lower Target		C$110.00 ➝ C$80.00	High
3/22/2022	Barclays	Downgrade	Equal Weight ➝ Underweight		High
3/1/2022	Barclays	Lower Target	Equal Weight	$140.00 ➝ $90.00	Medium
2/18/2022	Cantor Fitzgerald	Boost Target	Neutral	C$96.00 ➝ C$110.00	High
2/10/2022	Canaccord Genuity Group	Lower Target		C$120.00 ➝ C$100.00	Medium
2/3/2022	CIBC	Lower Target		C$120.00 ➝ C$90.00	Low
1/28/2022	Cantor Fitzgerald	Lower Target		C$163.00 ➝ C$96.00	High
1/7/2022	Alliance Global Partners	Lower Target	Neutral ➝ Neutral	C$180.00 ➝ C$110.00	Low
12/22/2021	Bank of America	Downgrade	Neutral ➝ Underperform	$190.00 ➝ $100.00	Medium
12/20/2021	Piper Sandler	Downgrade	Neutral ➝ Underweight	$110.00 ➝ $70.00	High
12/6/2021	Wells Fargo & Company	Initiated Coverage	Underweight	$80.00	High
11/30/2021	Eight Capital	Downgrade	Neutral ➝ Sell		Medium
11/23/2021	Jefferies Financial Group	Lower Target	Positive ➝ Hold	C$252.80 ➝ C$167.00	Low
11/18/2021	Bank of America	Lower Target	Neutral	C$220.00 ➝ C$190.00	High
11/18/2021	Barclays	Initiated Coverage	Equal Weight	$140.00	High
11/8/2021	Cowen	Downgrade	Outperform ➝ Market Perform	$266.90 ➝ $216.00	High
11/8/2021	CIBC	Downgrade	Neutral ➝ Underperform		High
11/5/2021	Alliance Global Partners	Lower Target	Neutral	C$200.00 ➝ C$180.00	Low
10/14/2021	Alliance Global Partners	Lower Target	Neutral	C$250.00 ➝ C$200.00	Medium
10/1/2021	Bank of America	Downgrade	Buy ➝ Neutral		High
9/23/2021	CIBC	Lower Target	Neutral	C$270.00 ➝ C$220.00	Low
9/20/2021	Cantor Fitzgerald	Lower Target	Positive ➝ Neutral	C$305.00 ➝ C$210.00	High
9/20/2021	Piper Sandler	Lower Target	Positive ➝ Neutral	$190.00 ➝ $150.00	High
8/11/2021	Jefferies Financial Group	Upgrade	Underperform ➝ Hold		Low
8/9/2021	CIBC	Lower Target	Neutral	C$300.00 ➝ C$270.00	Medium
7/8/2021	Piper Sandler	Lower Target	Neutral	$270.00 ➝ $240.00	Low
6/3/2021	Desjardins	Lower Target	Hold	C$550.00 ➝ C$350.00	Medium
6/2/2021	CIBC	Lower Target	Neutral	C$380.00 ➝ C$360.00	Medium
6/2/2021	Eight Capital	Upgrade	Sell ➝ Neutral		High
6/1/2021	Alliance Global Partners	Reiterated Rating	Neutral	$400.00 ➝ $320.00	High
5/25/2021	MKM Partners	Upgrade	Neutral ➝ Buy	$550.00	High
5/11/2021	CIBC	Lower Target	Neutral	$550.00 ➝ $380.00	Low
4/28/2021	Bank of America	Initiated Coverage	Buy		High
4/9/2021	Cantor Fitzgerald	Lower Target	Neutral	$620.00 ➝ $350.00	Medium
4/8/2021	Alliance Global Partners	Lower Target	Underperform ➝ Neutral	$600.00 ➝ $400.00	High
4/5/2021	CIBC	Lower Target	Neutral	$640.00 ➝ $550.00	Low
2/24/2021	Jefferies Financial Group	Downgrade	Hold ➝ Underperform		Low
2/11/2021	Desjardins	Boost Target	Hold	$220.00 ➝ $550.00	Low
2/10/2021	CIBC	Boost Target	Neutral	$320.00 ➝ $640.00	Low
2/10/2021	Cormark	Downgrade	Market Perform ➝ Reduce		Low
2/10/2021	BMO Capital Markets	Reiterated Rating	Market Perform		Low
2/10/2021	Cantor Fitzgerald	Boost Target	Neutral	$500.00 ➝ $620.00	Low
2/10/2021	Benchmark	Downgrade	Buy ➝ Hold		Low
2/5/2021	Piper Sandler	Downgrade	Overweight ➝ Neutral	$270.00	Medium
2/4/2021	Stifel Nicolaus	Reiterated Rating	Buy	$230.00	Low
1/5/2021	Cantor Fitzgerald	Boost Target	Neutral	$290.00 ➝ $330.00	N/A
11/16/2020	Jefferies Financial Group	Boost Target	Hold	$160.00 ➝ $211.00	Low
11/11/2020	CIBC	Boost Target	Neutral	$250.00 ➝ $320.00	Low
9/4/2020	Cfra	Upgrade	Buy ➝ Strong-Buy		Medium
8/21/2020	Oppenheimer	Reiterated Rating	Hold		Medium
6/22/2020	Oppenheimer	Initiated Coverage	Hold		Low
6/1/2020	Scotiabank	Boost Target	Sector Perform	$280.00 ➝ $330.00	Low
6/1/2020	LADENBURG THALM/SH SH	Downgrade	Buy ➝ Neutral		Low
6/1/2020	Alliance Global Partners	Boost Target	Neutral	$240.00 ➝ $300.00	Low
6/1/2020	Pi Financial	Downgrade	Neutral ➝ Sell		Medium
6/1/2020	BMO Capital Markets	Downgrade	Outperform ➝ Market Perform		High
6/1/2020	Bryan, Garnier & Co	Downgrade	Neutral ➝ Sell		High
6/1/2020	Stifel Nicolaus	Downgrade	Buy ➝ Sell		High
6/1/2020	CIBC	Downgrade	Outperform ➝ Neutral		High
5/26/2020	Pi Financial	Reiterated Rating	Neutral ➝ Neutral		High
5/22/2020	Bank of America	Initiated Coverage	Buy		High
5/14/2020	Cantor Fitzgerald	Lower Target	Neutral	$270.00 ➝ $250.00	Medium
4/16/2020	Jefferies Financial Group	Upgrade	Underperform ➝ Hold	$173.00 ➝ $156.00	High
3/5/2020	Laurentian Bank of Canada	Upgrade	Buy		High
3/5/2020	Laurentian	Upgrade	Buy		High
2/18/2020	CIBC	Reiterated Rating	Buy	$350.00	Medium
2/18/2020	Stifel Nicolaus	Boost Target	Buy	$300.00 ➝ $350.00	Low
2/14/2020	Pi Financial	Downgrade	Hold	$300.00	N/A
2/5/2020	Oppenheimer	Reiterated Rating	Hold		High
1/28/2020	Bank of America	Reiterated Rating	Buy	$360.00	Medium
1/28/2020	BMO Capital Markets	Upgrade	Market Perform ➝ Outperform	$400.00	High
12/12/2019	Cantor Fitzgerald	Boost Target	Neutral	$189.00 ➝ $270.00	High
12/9/2019	Cantor Fitzgerald	Reiterated Rating	Hold	$142.70	Low
12/5/2019	MKM Partners	Reiterated Rating	Hold	$230.00	Low
11/29/2019	Eight Capital	Downgrade	Hold	$250.00	High
11/27/2019	Bank of America	Upgrade	Neutral ➝ Buy		Low
11/20/2019	Bank of America	Upgrade	Neutral ➝ Buy	$153.20	High
11/15/2019	Compass Point	Lower Target	Neutral	$240.00 ➝ $170.00	Low
11/15/2019	Alliance Global Partners	Downgrade	Buy ➝ Neutral		Medium
11/5/2019	Cantor Fitzgerald	Initiated Coverage	Neutral		High
10/22/2019	Piper Sandler Companies	Lower Target	Overweight	$400.00 ➝ $360.00	High
10/15/2019	MKM Partners	Downgrade	Sell		N/A
10/11/2019	Jefferies Financial Group	Downgrade	Hold ➝ Underperform	$250.00	High
10/1/2019	Piper Sandler Companies	Lower Target	Overweight	$490.00 ➝ $400.00	Low
9/27/2019	Bank of America	Downgrade	Buy ➝ Neutral	$270.00	Medium
9/19/2019	MKM Partners	Initiated Coverage	Neutral		High
9/17/2019	Oppenheimer	Initiated Coverage	Market Perform		Medium
8/16/2019	Desjardins	Reiterated Rating	Hold		Medium
8/16/2019	Piper Sandler Companies	Lower Target	Overweight	$540.00 ➝ $490.00	High
8/16/2019	Benchmark	Lower Target	Buy	$1,000.00 ➝ $600.00	Low
8/16/2019	Stifel Nicolaus	Reiterated Rating	Buy	$500.00 ➝ $440.00	Low
7/17/2019	LADENBURG THALM/SH SH	Initiated Coverage	Buy ➝ Buy	$500.00	Low
7/8/2019	Piper Sandler Companies	Lower Target	Overweight	$570.00 ➝ $540.00	Low
7/5/2019	Bryan, Garnier & Co	Downgrade	Buy ➝ Neutral		Low
7/4/2019	Desjardins	Reiterated Rating	Hold		Low
7/3/2019	Bank of America	Set Target	Buy	$530.00	Low
7/3/2019	Stifel Nicolaus	Reiterated Rating	Buy		Low
6/28/2019	Consumer Edge	Initiated Coverage	Equal Weight ➝ Equal Weight		Low
6/24/2019	Desjardins	Reiterated Rating	Hold		Medium
6/21/2019	Piper Sandler Companies	Set Target	Buy	$600.00	Medium
6/19/2019	Bank of America	Lower Target	Buy	$800.00 ➝ $750.00	Low
6/12/2019	Evercore ISI	Initiated Coverage	Outperform	$1,200.00 ➝ $1,075.70	Low
6/10/2019	Compass Point	Initiated Coverage	Neutral	$437.60	Medium
6/7/2019	Bank of America	Set Target	Buy	$800.00	High
6/5/2019	Stifel Nicolaus	Initiated Coverage	Buy ➝ Buy	$408.30	Low

(Data available from 5/18/2019 forward)

News Sentiment Rating

0.70 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

4 very positive mentions
10 positive mentions
1 negative mentions
0 very negative mentions

Mentions as of

10/21/2023

4 very positive mentions
9 positive mentions
2 negative mentions
0 very negative mentions

Mentions as of

11/20/2023

8 very positive mentions
8 positive mentions
0 negative mentions
1 very negative mentions

Mentions as of

12/20/2023

6 very positive mentions
12 positive mentions
0 negative mentions
0 very negative mentions

Mentions as of

1/19/2024

7 very positive mentions
15 positive mentions
1 negative mentions
0 very negative mentions

Mentions as of

2/18/2024

9 very positive mentions
19 positive mentions
3 negative mentions
0 very negative mentions

Mentions as of

3/19/2024

44 very positive mentions
16 positive mentions
9 negative mentions
0 very negative mentions

Mentions as of

4/18/2024

35 very positive mentions
17 positive mentions
8 negative mentions
0 very negative mentions

Mentions as of

5/18/2024

Current Sentiment

Recent Stories by Sentiment

Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in Canada, the United States, and Germany. It operates through two segments, Global Cannabis and Other Consumer Products. The company's products include dried cannabis flower, extracts and concentrates, beverages, gummies, and vapes. It offers its products under the Tweed, 7ACRES, 7ACRES Craft Collective, DOJA, Ace Valley, Quatreau, Deep Space, First + Free, Surity Pro, Spectrum Therapeutics, Vert, Tokyo Smoke, Twd, Martha Stewart CBD, DNA Genetics, BioSteel, Storz & Bickel, This Works, HiWay, Simple Stash, Whisl, and Truverra brands. The company was formerly known as Tweed Marijuana Inc. and changed its name to Canopy Growth Corporation in September 2015. Canopy Growth Corporation was incorporated in 2009 and is headquartered in Smiths Falls, Canada.

Today's Range

Now: $10.85

$10.66

$11.65

50 Day Range

MA: $8.06

$2.77

$14.88

52 Week Range

Now: $10.85

$2.76

$19.20

Volume

14,319,738 shs

Average Volume

19,416,294 shs

Market Capitalization

$913.14 million

P/E Ratio

N/A

Dividend Yield

N/A

Beta

1.1

Frequently Asked Questions

What sell-side analysts currently cover shares of Canopy Growth?: The following Wall Street sell-side analysts have issued reports on Canopy Growth in the last year: Bank of America Co., Piper Sandler, and Sanford C. Bernstein.
View the latest analyst ratings for CGC.
What is the current price target for Canopy Growth?: 3 Wall Street analysts have set twelve-month price targets for Canopy Growth in the last year. Their average twelve-month price target is $4.87, suggesting a possible downside of 55.1%. Bank of America Co. has the highest price target set, predicting CGC will reach $6.60 in the next twelve months. Piper Sandler has the lowest price target set, forecasting a price of $3.00 for Canopy Growth in the next year.
View the latest price targets for CGC.
What is the current consensus analyst rating for Canopy Growth?: Canopy Growth currently has 2 sell ratings and 1 hold rating from Wall Street analysts. The stock has a consensus analyst rating of "Sell." A "sell" rating indicates that analysts believe CGC will underperform the market and that investors should sell shares of Canopy Growth.
View the latest ratings for CGC.
What other companies compete with Canopy Growth?: Other companies that are similar to Canopy Growth include USANA Health Sciences, Cronos Group, Mind Medicine (MindMed), biote and Aurora Cannabis. Learn More about companies similar to Canopy Growth.
How do I contact Canopy Growth's investor relations team?: Canopy Growth's physical mailing address is 1 HERSHEY DRIVE, SMITH FALLS A6, K7A0A8. The company's listed phone number is (855) 558-9333 and its investor relations email address is [email protected]. The official website for Canopy Growth is www.canopygrowth.com. Learn More about contacing Canopy Growth investor relations.

Canopy Growth - CGC Stock Price Target and Predictions

Analyst Price Target for CGC

Current Consensus is Sell

Past Monthly Recommendations

Latest Recommendations

News Sentiment Rating

0.70 (Buy)

News Sentiment Over Time

Current Sentiment

Recent Stories by Sentiment

Very Negative

Negative

Positive

Very Positive

Today's Range

50 Day Range

52 Week Range

Volume

Average Volume

Market Capitalization

P/E Ratio

Dividend Yield

Beta

Frequently Asked Questions

What sell-side analysts currently cover shares of Canopy Growth?

What is the current price target for Canopy Growth?

What is the current consensus analyst rating for Canopy Growth?

What other companies compete with Canopy Growth?

How do I contact Canopy Growth's investor relations team?