Canopy Growth Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canopy Growth in the last year. There are currently 4 sell ratings and 4 hold ratings 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 WEED, but not buy additional shares or sell existing shares.
View analyst ratings for Canopy Growth or view top-rated stocks.

Wall Street analysts have given Canopy Growth a "Sell" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Canopy Growth wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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Canopy Growth is scheduled to release its next quarterly earnings announcement on Tuesday, June 1st 2021.
View our earnings forecast for Canopy Growth.

Canopy Growth's stock was trading at C$18.33 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, WEED shares have increased by 98.0% and is now trading at C$36.29.
View which stocks have been most impacted by COVID-19.

8 Wall Street analysts have issued twelve-month target prices for Canopy Growth's shares. Their forecasts range from C$20.00 to C$64.00. On average, they anticipate Canopy Growth's share price to reach C$38.46 in the next twelve months. This suggests a possible upside of 6.0% from the stock's current price.
View analysts' price targets for Canopy Growth or view top-rated stocks among Wall Street analysts.

Some companies that are related to Canopy Growth include Innovative Industrial Properties (IIPR), GrowGeneration (GRWG), Leaf Mobile (LEAF), OrganiGram (OGI), 22nd Century Group (XXII), Emblem (EMC), ICC Labs (ICC), Bioventix (BVXP), KushCo (KSHB), NSAV (NSAV), Terra Tech (TRTC), General Cannabis (CANN), Pervasip (PVSP), Grow Capital (GRWC) and Nemus Bioscience (NMUS).
View all of WEED's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Canopy Growth investors own include (CGC), Aurora Cannabis (ACB), Aphria (APHA), Aurora Cannabis (ACB), Auxly Cannabis Group (CBWTF), KushCo (KSHB), Cronos Group (CRON), Aurora Cannabis (ACBFF), GW Pharmaceuticals (GWPH) and Alibaba Group (BABA).

Canopy Growth trades on the Toronto Stock Exchange (TSX) under the ticker symbol "WEED."

Shares of WEED and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
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One share of WEED stock can currently be purchased for approximately C$36.29.

Canopy Growth has a market capitalization of C$13.87 billion and generates C$506.12 million in revenue each year.

Canopy Growth employs 2,700 workers across the globe.

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

Canopy Growth is headquartered at 1 Hershey Dr, SMITHS FALLS, ON K7A 0A8, Canada.

Canopy Growth's mailing address is 1 Hershey Dr, SMITHS FALLS, ON K7A 0A8, Canada. The company can be reached via phone at +1-613-5999600.