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Canopy Growth (CGC) Stock Forecast & Price Target

Canopy Growth logo
$2.83 +0.12 (+4.43%)
(As of 12/20/2024 05:51 PM ET)

Canopy Growth - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
2
Hold
1
Buy
0

Based on 3 Wall Street analysts who have issued ratings for Canopy Growth in the last 12 months, the stock has a consensus rating of "Sell." Out of the 3 analysts, 2 have given a sell rating, and 1 has given a hold rating for CGC.

Consensus Price Target

$3.50
23.67% Upside
According to the 3 analysts' twelve-month price targets for Canopy Growth, the average price target is $3.50. The highest price target for CGC is $5.00, while the lowest price target for CGC is $2.00. The average price target represents a forecasted upside of 23.67% from the current price of $2.83.
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CGC Analyst Ratings Over Time

TypeCurrent Forecast
12/23/23 to 12/22/24
1 Month Ago
11/23/23 to 11/22/24
3 Months Ago
9/24/23 to 9/23/24
1 Year Ago
12/23/22 to 12/23/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
0 Buy rating(s)
0 Buy rating(s)
0 Buy rating(s)
1 Buy rating(s)
Hold
1 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
3 Hold rating(s)
Sell
2 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$3.50$3.50$3.50$16.20
Forecasted Upside23.67% Upside-10.26% Downside-23.41% Downside215.18% Upside
Consensus Rating
Sell
Reduce
Reduce
Hold

CGC Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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CGC Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Canopy Growth Stock vs. The Competition

TypeCanopy GrowthMedical CompaniesS&P 500
Consensus Rating Score
1.33
2.81
2.51
Consensus RatingSellModerate BuyModerate Buy
Predicted Upside23.67% Upside25,827.32% Upside14.53% Upside
News Sentiment Rating
Positive News

See Recent CGC News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
12/16/2024Atb Cap Markets
5 of 5 stars
F. Gomes
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DowngradeHold ➝ Strong Sell
7/9/2024Piper Sandler
2 of 5 stars
 Lower TargetUnderweight ➝ Underweight$3.00 ➝ $2.00-68.05%
1/31/2024Sanford C. Bernstein
3 of 5 stars
 Boost TargetMarket Perform$5.00+3.31%
9/15/2023Bank of America
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 Boost TargetUnderperform ➝ Underperform$5.60 ➝ $6.60-51.18%
5/1/2023BMO Capital Markets
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 UpgradeUnderperform ➝ Market Perform
2/17/2023Cantor Fitzgerald
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 Lower TargetNeutral$33.00 ➝ $32.00+27.49%
2/13/2023Roth Capital
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W. Kirk
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Reiterated RatingBuy
2/10/2023CIBC
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 Lower TargetC$25.00 ➝ C$17.50
2/9/2023Alliance Global Partners
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 Lower TargetC$45.00 ➝ C$35.00

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 11:07 AM ET.


CGC Forecast - Frequently Asked Questions

According to the research reports of 3 Wall Street equities research analysts, the average twelve-month stock price forecast for Canopy Growth is $3.50, with a high forecast of $5.00 and a low forecast of $2.00.

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canopy Growth in the last year. There are currently 2 sell ratings and 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "sell" CGC shares.

According to analysts, Canopy Growth's stock has a predicted upside of 23.67% based on their 12-month stock forecasts.

Over the previous 90 days, Canopy Growth's stock had 1 downgrade by analysts.

Canopy Growth has been rated by research analysts at Atb Cap Markets in the past 90 days.

Analysts like Canopy Growth less than other "medical" companies. The consensus rating for Canopy Growth is Sell while the average consensus rating for "medical" companies is Moderate Buy. Learn more on how CGC compares to other companies.


This page (NASDAQ:CGC) was last updated on 12/22/2024 by MarketBeat.com Staff
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