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Canopy Growth - WEED Stock Price Target and Predictions

  • Consensus Rating: Reduce
  • Consensus Price Target: C$3.20
  • Forecasted Upside: -78.39%
  • Number of Analysts: 4
  • Breakdown:
  • 2 Sell Ratings
  • 2 Hold Ratings
  • 0 Buy Ratings
  • 0 Strong Buy Ratings
C$14.81 As of 05/17/2024 01:00 AM ET
▼ -0.16 (-1.07%)

This chart shows the closing price for WEED by one month, three months, or twelve months.

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Analyst Price Target for WEED

Analyst Price Target is C$3.20
▼ -78.39% Downside Potential
This price target is based on 4 analysts offering 12 month price targets for Canopy Growth in the last 3 months. The average price target is C$3.20, with a high forecast of C$6.70 and a low forecast of C$0.50. The average price target represents a -78.39% upside from the last price of C$14.81.

This chart shows the closing price for WEED for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Reduce

The current consensus among 4 investment analysts is to reduce stock in Canopy Growth. This Reduce consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 2 sell ratings
Ratings as of
11/25/2022
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 2 sell ratings
Ratings as of
2/23/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 2 sell ratings
Ratings as of
5/24/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 2 sell ratings
Ratings as of
8/22/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 2 sell ratings
Ratings as of
11/20/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 2 sell ratings
Ratings as of
2/18/2024
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 2 sell ratings
Ratings as of
4/18/2024
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 2 sell ratings
Ratings as of
5/18/2024

Latest Recommendations

  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 2 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
2/27/2024Jefferies Financial GroupLower TargetHoldC$7.28 ➝ C$4.90
2/14/2024Bank of AmericaLower TargetC$7.00 ➝ C$4.00
1/30/2024Sanford C. BernsteinBoost TargetC$1.49 ➝ C$6.70
11/21/2023Jefferies Financial GroupBoost TargetHoldC$0.59 ➝ C$0.73
11/1/2023CIBCBoost TargetUnderperformC$0.45 ➝ C$0.50
10/2/2023Alliance Global PartnersBoost TargetC$0.60 ➝ C$1.30
9/18/2023Sanford C. BernsteinLower TargetMarket PerformC$2.10 ➝ C$1.49
9/15/2023Bank of AmericaBoost TargetUnderperformC$0.56 ➝ C$0.65
9/15/2023TD SecuritiesBoost TargetC$0.70 ➝ C$1.80
8/16/2023Jefferies Financial GroupLower TargetC$0.61 ➝ C$0.59
6/27/2023Jefferies Financial GroupLower TargetC$3.65 ➝ C$0.61
6/26/2023TD SecuritiesLower TargetC$3.40 ➝ C$0.70
6/15/2023Bank of AmericaLower TargetC$1.00 ➝ C$0.85
4/5/2023Sanford C. BernsteinUpgradeUnderperform ➝ Market Perform
3/29/2023Bank of AmericaLower TargetC$2.75 ➝ C$2.40
2/28/2023Jefferies Financial GroupLower TargetC$4.95 ➝ C$3.65
2/10/2023Alliance Global PartnersLower TargetC$4.50 ➝ C$3.50
2/10/2023BenchmarkSet TargetC$2.00
2/10/2023Canaccord Genuity GroupLower TargetC$5.00 ➝ C$3.00
2/10/2023CIBCLower TargetUnderperformC$2.50 ➝ C$1.75
2/10/2023Eight CapitalLower TargetC$2.75 ➝ C$1.75
2/10/2023Stifel NicolausLower TargetC$2.90 ➝ C$2.40
2/1/2023CIBCLower TargetUnderperformC$3.00 ➝ C$2.50
11/11/2022Jefferies Financial GroupBoost TargetC$4.20 ➝ C$4.95
11/10/2022Alliance Global PartnersBoost TargetC$4.00 ➝ C$4.50
11/9/2022Sanford C. BernsteinReiterated RatingUnderperformC$2.00
10/26/2022BenchmarkLower TargetC$3.00
10/26/2022Alliance Global PartnersBoost TargetHoldC$3.50 ➝ C$4.00
9/30/2022BarclaysLower TargetEqual WeightC$2.75
8/12/2022Jefferies Financial GroupLower TargetC$5.50 ➝ C$4.20
8/8/2022Eight CapitalLower TargetSellC$4.00 ➝ C$2.75
7/19/2022CowenLower TargetHoldC$3.40
7/19/2022CowenLower TargetC$6.50 ➝ C$3.40
7/4/2022CIBCLower TargetUnderperformC$5.00 ➝ C$3.00
6/29/2022WedbushLower TargetNAC$17.00 ➝ C$13.00
6/29/2022MKM PartnersReiterated RatingBuyC$13.00
6/13/2022Jefferies Financial GroupLower TargetC$8.80 ➝ C$5.50
6/8/2022BMO Capital MarketsDowngradeSellC$2.50
5/30/2022CowenLower TargetBuyC$6.50
5/30/2022CIBCLower TargetUnderperformC$6.50 ➝ C$5.00
5/30/2022CowenLower TargetC$12.50 ➝ C$6.50
5/27/2022CfraReiterated RatingHoldC$10.00
5/24/2022Canaccord Genuity GroupLower TargetC$10.00 ➝ C$6.00
5/20/2022Eight CapitalLower TargetSellC$7.00 ➝ C$5.50
5/20/2022Alliance Global PartnersDowngradeHoldC$11.00 ➝ C$8.00
5/19/2022CIBCLower TargetUnderperformC$9.00 ➝ C$6.50
5/2/2022Stifel NicolausLower TargetC$7.50 ➝ C$6.00
4/7/2022Bank of AmericaLower TargetUnderperformC$10.00 ➝ C$8.50
2/10/2022Canaccord Genuity GroupLower TargetC$12.00 ➝ C$10.00
2/10/2022CowenLower TargetBuyC$16.00 ➝ C$12.50
2/10/2022Stifel NicolausLower TargetC$8.00 ➝ C$7.50
2/9/2022CfraReiterated RatingHoldC$10.00
2/8/2022MKM PartnersLower TargetBuyC$28.00 ➝ C$17.00
2/3/2022CIBCLower TargetC$12.00 ➝ C$9.00
1/7/2022Alliance Global PartnersLower TargetBuyC$18.00 ➝ C$11.00
12/22/2021Bank of AmericaDowngradeNeutral ➝ UnderperformC$24.00 ➝ C$13.00
12/20/2021Piper SandlerDowngradeNeutral ➝ UnderweightC$11.00 ➝ C$7.00
12/7/2021Wells Fargo & CompanyReiterated RatingUnderweight
12/6/2021Wells Fargo & CompanyInitiated CoverageSellC$8.00
11/30/2021Eight CapitalDowngradeSell
11/24/2021BarclaysSet TargetEqual WeightC$14.00
11/18/2021BarclaysInitiated CoverageEqual WeightC$14.00
11/9/2021MKM PartnersLower TargetBuyC$51.00 ➝ C$28.00
11/9/2021CowenReiterated RatingBuy
11/9/2021Alliance Global PartnersReiterated RatingBuy
11/8/2021Alliance Global PartnersLower TargetC$20.00 ➝ C$18.00
11/8/2021Stifel NicolausBoost TargetC$12.00 ➝ C$14.00
11/8/2021Piper SandlerBoost TargetNeutralC$11.00 ➝ C$15.00
11/8/2021CowenLower TargetHoldC$33.00 ➝ C$16.00
11/8/2021CIBCDowngradeNeutral ➝ SellC$22.00 ➝ C$12.00
11/2/2021CIBCReiterated RatingHoldC$21.00
11/2/2021Canadian Imperial Bank of CommerceReiterated RatingNeutralC$22.00
10/15/2021CIBCReiterated RatingHoldC$22.00
9/24/2021CIBCReiterated RatingNeutralC$27.00 ➝ C$22.00
9/23/2021CIBCBoost TargetNAC$22.00 ➝ C$27.00
8/12/2021Jefferies Financial GroupReiterated RatingHold
8/9/2021CIBCLower TargetC$30.00 ➝ C$27.00
8/9/2021Stifel NicolausLower TargetC$21.00 ➝ C$18.00
8/6/2021CIBCReiterated RatingNeutralC$30.00
7/27/2021CIBCLower TargetNeutralC$36.00 ➝ C$30.00
7/19/2021CowenLower TargetNAC$39.00 ➝ C$33.00
6/2/2021Alliance Global PartnersLower TargetNAC$40.00 ➝ C$32.00
6/2/2021CfraLower TargetStrong-Buy ➝ BuyC$75.00 ➝ C$45.00
6/2/2021Eight CapitalUpgradeSell ➝ NeutralC$34.50 ➝ C$29.00
6/2/2021MKM PartnersLower TargetBuyC$55.00 ➝ C$51.00
6/2/2021CowenLower TargetBuyC$44.00 ➝ C$39.00
6/1/2021CIBCReiterated RatingNeutralC$38.00
5/25/2021MKM PartnersReiterated RatingBuyC$55.00
5/11/2021CIBCLower TargetNeutralC$55.00 ➝ C$38.00
4/9/2021CowenLower TargetHoldC$75.00 ➝ C$44.00
2/24/2021Eight CapitalDowngradeNeutral ➝ SellC$23.00 ➝ C$34.50
2/24/2021Jefferies Financial GroupBoost TargetUnderperformC$27.78 ➝ C$29.09
2/10/2021Alliance Global PartnersBoost TargetC$41.00 ➝ C$60.00
2/10/2021BenchmarkDowngradeBuy ➝ Hold
2/10/2021CIBCBoost TargetC$32.00 ➝ C$64.00
2/10/2021CormarkDowngradeMarket Perform ➝ Reduce
2/10/2021CowenBoost TargetC$38.00 ➝ C$75.00
2/10/2021MKM PartnersBoost TargetC$28.00 ➝ C$55.00
2/10/2021Stifel NicolausBoost TargetC$18.00 ➝ C$21.00
1/25/2021Alliance Global PartnersBoost TargetC$32.00 ➝ C$41.00
11/16/2020Jefferies Financial GroupBoost TargetC$20.20 ➝ C$27.78
11/12/2020BenchmarkSet TargetC$35.00
11/11/2020CIBCBoost TargetC$25.00 ➝ C$32.00
11/10/2020CormarkBoost TargetC$23.50 ➝ C$28.50
11/10/2020Alliance Global PartnersBoost TargetC$24.00 ➝ C$32.00
8/11/2020CormarkBoost TargetC$21.00 ➝ C$23.50
8/11/2020CIBCLower TargetC$26.00 ➝ C$25.00
6/1/2020CIBCDowngradeOutperform ➝ NeutralC$35.00 ➝ C$26.00
6/1/2020CormarkDowngradeBuy ➝ Market Perform
6/1/2020Pi FinancialDowngradeNeutral ➝ SellC$30.00 ➝ C$20.00
5/27/2020Pi FinancialSet TargetNeutralC$30.00
3/5/2020Laurentian Bank of CanadaUpgradeHold ➝ Buy
3/5/2020LaurentianUpgradeHold ➝ Buy
2/18/2020Stifel NicolausBoost TargetC$30.00 ➝ C$35.00
2/18/2020CIBCBoost TargetC$30.00 ➝ C$35.00
2/18/2020Pi FinancialDowngradeBuy ➝ NeutralC$25.00 ➝ C$30.00
2/11/2020Pi FinancialSet TargetBuyC$25.00
1/28/2020BMO Capital MarketsBoost TargetOutperformC$25.00 ➝ C$40.00
1/2/2020Jefferies Financial GroupLower TargetC$25.00 ➝ C$21.00
12/17/2019LaurentianSet TargetHoldC$26.00
11/20/2019Pi FinancialLower TargetBuyC$35.00 ➝ C$25.00
11/20/2019Bank of AmericaUpgradeNeutral ➝ Buy
11/15/2019CIBCLower TargetC$45.00 ➝ C$30.00
11/5/2019DesjardinsReiterated RatingHoldC$46.00
10/11/2019Jefferies Financial GroupLower TargetC$77.00 ➝ C$25.00
10/4/2019CIBCLower TargetC$50.00 ➝ C$45.00
9/27/2019Bank of AmericaDowngradeBuy ➝ Neutral
8/16/2019BenchmarkLower TargetC$100.00 ➝ C$60.00
8/16/2019CIBCLower TargetC$80.00 ➝ C$50.00
8/16/2019CormarkDowngradeBuy ➝ Market PerformC$55.00 ➝ C$48.00
7/4/2019DesjardinsLower TargetHoldC$63.00 ➝ C$59.00
7/4/2019Bryan, Garnier & CoDowngradeBuy ➝ NeutralC$85.00 ➝ C$60.00
6/24/2019CormarkLower TargetC$70.00 ➝ C$65.00
6/24/2019DesjardinsLower TargetHoldC$74.00 ➝ C$63.00
(Data available from 5/18/2019 forward)

News Sentiment Rating

0.64 (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

Skip to Current Sentiment Summary
  • 5 very positive mentions
  • 19 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/21/2023
  • 6 very positive mentions
  • 12 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
11/20/2023
  • 5 very positive mentions
  • 6 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
12/20/2023
  • 2 very positive mentions
  • 6 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
1/19/2024
  • 11 very positive mentions
  • 10 positive mentions
  • 6 negative mentions
  • 0 very negative mentions
Mentions as of
2/18/2024
  • 5 very positive mentions
  • 13 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
3/19/2024
  • 15 very positive mentions
  • 13 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
4/18/2024
  • 9 very positive mentions
  • 13 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
5/18/2024

Current Sentiment

  • 9 very positive mentions
  • 13 positive mentions
  • 1 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

Positive

Very Positive

Canopy Growth logo
Canopy Growth Corporation, together with its subsidiaries, engages in growing, possession, and sale of medical cannabis in Canada. Its products include dried flowers, oils and concentrates, softgel capsules, and hemps. The company offers its products under the Tweed, Black Label, Spectrum Cannabis, DNA Genetics, Leafs By Snoop, CraftGrow, and Foria brand names. It also offers its products through Tweed Main Street, a single online platform that enables registered patients to purchase medicinal cannabis from various producers across various brands. Canopy Growth Corporation has a clinical research partnership with NEEKA Health Canada to investigate the efficacy of cannabinoids for the treatment of post-concussion neurological diseases in former NHL players; and partnership with Parent Action on Drugs. The company was formerly known as Tweed Marijuana Inc. and changed its name to Canopy Growth Corporation in September 2015. Canopy Growth Corporation is headquartered in Smiths Falls, Canada.
Read More

Today's Range

Now: C$14.81
Low: C$14.52
High: C$15.85

50 Day Range

MA: C$10.99
Low: C$3.75
High: C$20.45

52 Week Range

Now: C$14.81
Low: C$3.74
High: C$26.00

Volume

4,068,579 shs

Average Volume

2,992,446 shs

Market Capitalization

C$1.11 billion

P/E Ratio

N/A

Dividend Yield

4.80%

Beta

1.85

Frequently Asked Questions

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

The following sell-side analysts have issued reports on Canopy Growth in the last twelve months: Alliance Global Partners, Bank of America Co., CIBC, Jefferies Financial Group Inc., Sanford C. Bernstein, and TD Securities.
View the latest analyst ratings for WEED.

What is the current price target for Canopy Growth?

6 Wall Street analysts have set twelve-month price targets for Canopy Growth in the last year. Their average twelve-month price target is C$3.20, suggesting a possible downside of 78.4%. Sanford C. Bernstein has the highest price target set, predicting WEED will reach C$6.70 in the next twelve months. CIBC has the lowest price target set, forecasting a price of C$0.50 for Canopy Growth in the next year.
View the latest price targets for WEED.

What is the current consensus analyst rating for Canopy Growth?

Canopy Growth currently has 2 sell ratings and 2 hold ratings from Wall Street analysts. The stock has a consensus analyst rating of "Reduce."
View the latest ratings for WEED.

What other companies compete with Canopy Growth?

Other companies that are similar to Canopy Growth include Organigram, Hydropothecary, Knight Therapeutics, Aurora Cannabis and Cronos Group. 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 Dr, SMITHS FALLS, ON K7A 0A8, Canada. The company's listed phone number is +1-613-5999600. The official website for Canopy Growth is www.canopygrowth.com. Learn More about contacing Canopy Growth investor relations.