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Canopy Growth (WEED) Stock Forecast & Price Target

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C$11.28
-1.33 (-10.55%)
(As of 02:49 PM ET)
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Canopy Growth - Analysts' Recommendations and Stock Price Forecast (2024)

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

Reduce
Based on 4 Analyst Ratings

Consensus Price Target

C$3.20
-71.63% Downside
High ForecastC$6.70
Average ForecastC$3.20
Low ForecastC$0.50
TypeCurrent Forecast
5/29/23 to 5/28/24		1 Month Ago
4/29/23 to 4/28/24		3 Months Ago
2/28/23 to 2/28/24		1 Year Ago
5/29/22 to 5/29/23
Consensus Rating
Reduce
Reduce
Reduce
Reduce
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
2 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
4 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
2 Sell rating(s)
3 Sell rating(s)
Consensus Price TargetC$3.20C$3.20C$3.20C$4.03
Forecasted Upside-71.63% Downside12.72% Upside12.72% Upside11.13% Upside
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WEED 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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WEED 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 Companies
Consensus Rating Score
1.50
2.70
Consensus RatingReduceModerate Buy
News Sentiment RatingNeutral News
Positive News

Recent Analyst Forecasts and Stock Ratings

Export to Excel
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
2/27/2024Jefferies Financial Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetHoldC$7.28 ➝ C$4.90+3.16%
2/14/2024Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetC$7.00 ➝ C$4.00-15.43%
1/30/2024Sanford C. Bernstein
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetC$1.49 ➝ C$6.70+4.04%
11/1/2023CIBC
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetUnderperformC$0.45 ➝ C$0.50-33.33%
10/2/2023Alliance Global Partners
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetC$0.60 ➝ C$1.30+28.71%
9/15/2023TD Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetC$0.70 ➝ C$1.80-1.10%
2/10/2023Benchmark
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Set TargetC$2.00-32.66%
2/10/2023Canaccord Genuity Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetC$5.00 ➝ C$3.00+1.01%
2/10/2023Eight Capital
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetC$2.75 ➝ C$1.75-41.08%
2/10/2023Stifel Nicolaus
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetC$2.90 ➝ C$2.40-19.19%
9/30/2022Barclays
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetEqual WeightC$2.75-28.01%
7/19/2022Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetHoldC$3.40+1.49%
6/29/2022Wedbush
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetNAC$17.00 ➝ C$13.00+186.98%
6/29/2022MKM Partners
Subscribe to MarketBeat All Access for the recommendation accuracy rating		William Kirk
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated RatingBuyC$13.00+180.17%
6/8/2022BMO Capital Markets
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Tamy Chen
Subscribe to MarketBeat All Access for the recommendation accuracy rating		DowngradeSellC$2.50-47.15%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 03:09 PM ET.

WEED Frequently Asked Questions

What is Canopy Growth's stock forecast and purchase recommendation?

According to the research reports of 4 Wall Street equities research analysts, the average twelve-month stock price forecast for Canopy Growth is C$3.20, with a high forecast of C$6.70 and a low forecast of C$0.50. The consensus rating for Canopy Growth stock is Reduce based on the current 2 sell ratings and 2 hold ratings for WEED. Learn more on WEED's analyst rating history.

Do Wall Street analysts like Canopy Growth more than its competitors?

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

Does Canopy Growth's stock price have much upside?

According to analysts, Canopy Growth's stock has a predicted upside of 12.72% based on their 12-month stock forecasts.


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This page (TSE:WEED) was last updated on 5/28/2024 by MarketBeat.com Staff

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