Canopy Growth Stock Forecast, Price & News

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canopy Growth in the last year. There are currently 2 sell ratings, 10 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" Canopy Growth stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CGC, but not buy additional shares or sell existing shares.
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Wall Street analysts have given Canopy Growth a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Canopy Growth wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Canopy Growth is scheduled to release its next quarterly earnings announcement on Friday, August 6th 2021.
View our earnings forecast for Canopy Growth.

Canopy Growth will be holding an earnings conference call on Friday, August 6th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Canopy Growth Co. (NASDAQ:CGC) posted its quarterly earnings data on Monday, May, 31st. The company reported ($1.85) earnings per share for the quarter, missing analysts' consensus estimates of ($0.18) by $1.67. The firm earned $167.40 million during the quarter, compared to analyst estimates of $149.97 million. Canopy Growth had a negative trailing twelve-month return on equity of 18.67% and a negative net margin of 311.30%. The firm's revenue was up 45.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($3.72) EPS.
View Canopy Growth's earnings history.

Canopy Growth's stock was trading at $13.35 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CGC shares have increased by 37.6% and is now trading at $18.37.
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16 Wall Street analysts have issued 12 month target prices for Canopy Growth's shares. Their forecasts range from $21.10 to $55.00. On average, they expect Canopy Growth's stock price to reach $32.57 in the next year. This suggests a possible upside of 77.3% from the stock's current price.
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Some companies that are related to Canopy Growth include STADA Arzneimittel Aktiengesellschaft (STDAF), Tilray (TLRY), Cronos Group (CRON), USANA Health Sciences (USNA), Aurora Cannabis (ACB), True Drinks (TRUU), Sundial Growers (SNDL), HEXO (HEXO), ChromaDex (CDXC), Canopy Rivers (RIV), MediWound (MDWD), Natural Alternatives International (NAII), Bon Natural Life (BON), Grove (GRVI) and Charlie's (CHUCD).
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Canopy Growth trades on the NASDAQ under the ticker symbol "CGC."

Canopy Growth's stock is owned by many different retail and institutional investors. Top institutional investors include Lake Street Financial LLC (0.02%), Boyd Watterson Asset Management LLC OH (0.01%), Marotta Asset Management (0.01%) and Compagnie Lombard Odier SCmA (0.00%). Company insiders that own Canopy Growth stock include Phillip Stephen Shaer, Rade Nikola Kovacevic and Tomas Iv Shipley.
View institutional ownership trends for Canopy Growth.

CGC stock was bought by a variety of institutional investors in the last quarter, including Lake Street Financial LLC, Boyd Watterson Asset Management LLC OH, Marotta Asset Management, and Compagnie Lombard Odier SCmA.
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Shares of CGC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CGC stock can currently be purchased for approximately $18.37.

Canopy Growth has a market capitalization of $7.22 billion and generates $414.03 million in revenue each year. The company earns $-1,322,470,000.00 in net income (profit) each year or ($2.16) on an earnings per share basis.

Canopy Growth employs 3,259 workers across the globe.

The official website for Canopy Growth is www.canopygrowth.com.

Canopy Growth is headquartered at 1 HERSHEY DRIVE, SMITH FALLS A6, K7A0A8.

Canopy Growth's mailing address is 1 HERSHEY DRIVE, SMITH FALLS A6, K7A0A8. The company can be reached via phone at 855 558 9333 or via email at [email protected]