Canopy Growth (CGC) Stock Forecast & Price Target

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$6.49

-0.21 (-3.13%)

(As of 04/17/2024 ET)

Canopy Growth Consensus Analyst Rating 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.

Analysts' Consensus Rating

Reduce
Based on 4 Analyst Ratings

Analysts' Consensus Price Target

$4.87
-25.01% Downside

High Forecast	$6.60
Average Forecast	$4.87
Low Forecast	$3.00

Type	Current Forecast 4/18/23 to 4/17/24	1 Month Ago 3/19/23 to 3/18/24	3 Months Ago 1/18/23 to 1/18/24	1 Year Ago 4/18/22 to 4/18/23
Consensus Rating	Reduce	Reduce	Hold	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)	1 Buy rating(s)	3 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	3 Hold rating(s)	5 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)	5 Sell rating(s)
Consensus Price Target	$4.87	$4.87	$16.20	$37.90
Predicted Upside	-25.01% Downside	-34.17% Downside	-10.14% Downside	10.05% Upside

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CGC Analyst Ratings 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.

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.

Canopy Growth Stock vs. The Competition

Type	Canopy Growth	Medical Companies	S&P 500
Consensus Rating Score	1.50	2.68	2.49
Consensus Rating	Reduce	Moderate Buy	Hold
Predicted Upside	-25.01% Downside	934.65% Upside	12.25% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
2/12/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Underperform	$5.00 ➝ $3.00	-21.47%
1/31/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Market Perform	$5.00	+3.31%
9/15/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Underperform ➝ Underperform	$5.60 ➝ $6.60	-51.18%
5/1/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Underperform ➝ Market Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 11:45 PM ET.

CGC Price Target - Frequently Asked Questions

What is Canopy Growth's consensus rating and price target?: According to the issued ratings of 4 analysts in the last year, the consensus rating for Canopy Growth stock is Reduce based on the current 2 sell ratings and 2 hold ratings for CGC. The average twelve-month price prediction for Canopy Growth is $4.87 with a high price target of $6.60 and a low price target of $3.00. Learn more on CGC'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 CGC compares to other companies.
Does Canopy Growth's stock price have much downside?: According to analysts, Canopy Growth's stock has a predicted downside of -34.17% based on their 12-month stock forecasts.

What analysts cover Canopy Growth?: Canopy Growth has been rated by Piper Sandler, and Sanford C. Bernstein in the past 90 days.

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This page (NASDAQ:CGC) was last updated on 4/17/2024 by MarketBeat.com Staff

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Canopy Growth (CGC) Stock Forecast & Price Target

Canopy Growth Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

CGC Analyst Ratings By Month

CGC Price Targets by Month

Canopy Growth Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

CGC Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

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