Canopy Growth - CGC Stock Price Target and Predictions

  • Consensus Rating: Reduce
  • Consensus Price Target: $4.87
  • Forecasted Upside: -46.11%
  • Number of Analysts: 4
  • Breakdown:
  • 2 Sell Ratings
  • 2 Hold Ratings
  • 0 Buy Ratings
  • 0 Strong Buy Ratings
$9.03
▲ +1.18 (15.03%)

This chart shows the closing price for CGC by one month, three months, or twelve months.

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Analyst Price Target for CGC

Analyst Price Target is $4.87
▼ -46.11% Downside Potential
This price target is based on 4 analysts offering 12 month price targets for Canopy Growth in the last 3 months. The average price target is $4.87, with a high forecast of $6.60 and a low forecast of $3.00. The average price target represents a -46.11% upside from the last price of $9.03.

This chart shows the closing price for CGC for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Reduce

The current consensus among 4 polled investment analysts is to reduce stock in Canopy Growth. This Reduce consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 2 sell ratings
10/31/2022
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 2 sell ratings
1/29/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 2 sell ratings
4/29/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 2 sell ratings
7/28/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 2 sell ratings
10/26/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 2 sell ratings
1/24/2024
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 2 sell ratings
3/24/2024
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 2 sell ratings
4/23/2024

Latest Recommendations

  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 2 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
2/12/2024Piper SandlerLower TargetUnderperform$5.00 ➝ $3.00Low
1/31/2024Sanford C. BernsteinBoost TargetMarket Perform$5.00Low
9/15/2023Bank of AmericaBoost TargetUnderperform ➝ Underperform$5.60 ➝ $6.60Low
5/2/2023Piper SandlerLower Target$20.00 ➝ $10.00Low
5/1/2023BMO Capital MarketsUpgradeUnderperform ➝ Market PerformLow
4/4/2023Sanford C. BernsteinUpgradeUnderperform ➝ Market PerformLow
2/17/2023Cantor FitzgeraldLower TargetNeutral$33.00 ➝ $32.00N/A
2/13/2023Roth CapitalReiterated RatingBuyLow
2/10/2023CIBCLower TargetC$25.00 ➝ C$17.50Low
2/9/2023Alliance Global PartnersLower TargetC$45.00 ➝ C$35.00Low
2/1/2023CIBCLower TargetC$30.00 ➝ C$25.00Low
11/7/2022Canaccord Genuity GroupBoost TargetHold ➝ HoldC$42.50 ➝ C$50.00Low
11/1/2022Sanford C. BernsteinInitiated CoverageUnderperform$15.00Low
10/26/2022Canaccord Genuity GroupUpgradeSell ➝ HoldC$27.50 ➝ C$42.50Low
10/26/2022Cantor FitzgeraldBoost TargetNeutral$29.00 ➝ $30.50Low
10/25/2022Alliance Global PartnersBoost TargetC$35.00 ➝ C$40.00Low
9/30/2022BarclaysLower TargetUnderweight$35.00 ➝ $20.00Low
8/8/2022Piper SandlerLower TargetUnderweight$30.00 ➝ $25.00Low
7/5/2022Bank of AmericaLower TargetUnderperform ➝ Underperform$30.00 ➝ $23.30N/A
7/1/2022Canaccord Genuity GroupLower TargetSell ➝ SellC$45.00 ➝ C$35.00Low
6/30/2022Piper SandlerLower TargetUnderweight$40.00 ➝ $30.00Low
6/29/2022MKM PartnersLower TargetBuy ➝ BuyC$170.00 ➝ C$130.00Low
6/8/2022BMO Capital MarketsDowngradeMarket Perform ➝ UnderperformLow
6/8/2022BarclaysLower TargetUnderweight$60.00 ➝ $35.00Low
6/1/2022OppenheimerReiterated RatingMarket PerformMedium
5/31/2022Canaccord Genuity GroupLower TargetC$60.00 ➝ C$45.00Low
5/31/2022CIBCLower TargetC$65.00 ➝ C$50.00Medium
5/31/2022Piper SandlerLower TargetUnderweight$60.00 ➝ $40.00Medium
5/30/2022CowenLower TargetBuy$50.00Medium
5/27/2022CfraReiterated RatingHold$100.00N/A
5/27/2022Alliance Global PartnersLower TargetC$80.00 ➝ C$70.00Low
5/27/2022BenchmarkDowngradeHold ➝ SellLow
5/20/2022Alliance Global PartnersLower TargetC$110.00 ➝ C$80.00High
3/22/2022BarclaysDowngradeEqual Weight ➝ UnderweightHigh
3/1/2022BarclaysLower TargetEqual Weight$140.00 ➝ $90.00Medium
2/18/2022Cantor FitzgeraldBoost TargetNeutralC$96.00 ➝ C$110.00High
2/10/2022Canaccord Genuity GroupLower TargetC$120.00 ➝ C$100.00Medium
2/3/2022CIBCLower TargetC$120.00 ➝ C$90.00Low
1/28/2022Cantor FitzgeraldLower TargetC$163.00 ➝ C$96.00High
1/7/2022Alliance Global PartnersLower TargetNeutral ➝ NeutralC$180.00 ➝ C$110.00Low
12/22/2021Bank of AmericaDowngradeNeutral ➝ Underperform$190.00 ➝ $100.00Medium
12/20/2021Piper SandlerDowngradeNeutral ➝ Underweight$110.00 ➝ $70.00High
12/6/2021Wells Fargo & CompanyInitiated CoverageUnderweight$80.00High
11/30/2021Eight CapitalDowngradeNeutral ➝ SellMedium
11/23/2021Jefferies Financial GroupLower TargetPositive ➝ HoldC$252.80 ➝ C$167.00Low
11/18/2021Bank of AmericaLower TargetNeutralC$220.00 ➝ C$190.00High
11/18/2021BarclaysInitiated CoverageEqual Weight$140.00High
11/8/2021CowenDowngradeOutperform ➝ Market Perform$266.90 ➝ $216.00High
11/8/2021CIBCDowngradeNeutral ➝ UnderperformHigh
11/5/2021Alliance Global PartnersLower TargetNeutralC$200.00 ➝ C$180.00Low
10/14/2021Alliance Global PartnersLower TargetNeutralC$250.00 ➝ C$200.00Medium
10/1/2021Bank of AmericaDowngradeBuy ➝ NeutralHigh
9/23/2021CIBCLower TargetNeutralC$270.00 ➝ C$220.00Low
9/20/2021Cantor FitzgeraldLower TargetPositive ➝ NeutralC$305.00 ➝ C$210.00High
9/20/2021Piper SandlerLower TargetPositive ➝ Neutral$190.00 ➝ $150.00High
8/11/2021Jefferies Financial GroupUpgradeUnderperform ➝ HoldLow
8/9/2021CIBCLower TargetNeutralC$300.00 ➝ C$270.00Medium
7/8/2021Piper SandlerLower TargetNeutral$270.00 ➝ $240.00Low
6/3/2021DesjardinsLower TargetHoldC$550.00 ➝ C$350.00Medium
6/2/2021CIBCLower TargetNeutralC$380.00 ➝ C$360.00Medium
6/2/2021Eight CapitalUpgradeSell ➝ NeutralHigh
6/1/2021Alliance Global PartnersReiterated RatingNeutral$400.00 ➝ $320.00High
5/25/2021MKM PartnersUpgradeNeutral ➝ Buy$550.00High
5/11/2021CIBCLower TargetNeutral$550.00 ➝ $380.00Low
4/28/2021Bank of AmericaInitiated CoverageBuyHigh
4/9/2021Cantor FitzgeraldLower TargetNeutral$620.00 ➝ $350.00Medium
4/8/2021Alliance Global PartnersLower TargetUnderperform ➝ Neutral$600.00 ➝ $400.00High
4/5/2021CIBCLower TargetNeutral$640.00 ➝ $550.00Low
2/24/2021Jefferies Financial GroupDowngradeHold ➝ UnderperformLow
2/11/2021DesjardinsBoost TargetHold$220.00 ➝ $550.00Low
2/10/2021CIBCBoost TargetNeutral$320.00 ➝ $640.00Low
2/10/2021CormarkDowngradeMarket Perform ➝ ReduceLow
2/10/2021BMO Capital MarketsReiterated RatingMarket PerformLow
2/10/2021Cantor FitzgeraldBoost TargetNeutral$500.00 ➝ $620.00Low
2/10/2021BenchmarkDowngradeBuy ➝ HoldLow
2/5/2021Piper SandlerDowngradeOverweight ➝ Neutral$270.00Medium
2/4/2021Stifel NicolausReiterated RatingBuy$230.00Low
1/5/2021Cantor FitzgeraldBoost TargetNeutral$290.00 ➝ $330.00N/A
11/16/2020Jefferies Financial GroupBoost TargetHold$160.00 ➝ $211.00Low
11/11/2020CIBCBoost TargetNeutral$250.00 ➝ $320.00Low
9/4/2020CfraUpgradeBuy ➝ Strong-BuyMedium
8/21/2020OppenheimerReiterated RatingHoldMedium
6/22/2020OppenheimerInitiated CoverageHoldLow
6/1/2020ScotiabankBoost TargetSector Perform$280.00 ➝ $330.00Low
6/1/2020LADENBURG THALM/SH SHDowngradeBuy ➝ NeutralLow
6/1/2020Alliance Global PartnersBoost TargetNeutral$240.00 ➝ $300.00Low
6/1/2020Pi FinancialDowngradeNeutral ➝ SellMedium
6/1/2020BMO Capital MarketsDowngradeOutperform ➝ Market PerformHigh
6/1/2020Bryan, Garnier & CoDowngradeNeutral ➝ SellHigh
6/1/2020Stifel NicolausDowngradeBuy ➝ SellHigh
6/1/2020CIBCDowngradeOutperform ➝ NeutralHigh
5/26/2020Pi FinancialReiterated RatingNeutral ➝ NeutralHigh
5/22/2020Bank of AmericaInitiated CoverageBuyHigh
5/14/2020Cantor FitzgeraldLower TargetNeutral$270.00 ➝ $250.00Medium
4/16/2020Jefferies Financial GroupUpgradeUnderperform ➝ Hold$173.00 ➝ $156.00High
3/5/2020Laurentian Bank of CanadaUpgradeBuyHigh
3/5/2020LaurentianUpgradeBuyHigh
2/18/2020CIBCReiterated RatingBuy$350.00Medium
2/18/2020Stifel NicolausBoost TargetBuy$300.00 ➝ $350.00Low
2/14/2020Pi FinancialDowngradeHold$300.00N/A
2/5/2020OppenheimerReiterated RatingHoldHigh
1/28/2020Bank of AmericaReiterated RatingBuy$360.00Medium
1/28/2020BMO Capital MarketsUpgradeMarket Perform ➝ Outperform$400.00High
12/12/2019Cantor FitzgeraldBoost TargetNeutral$189.00 ➝ $270.00High
12/9/2019Cantor FitzgeraldReiterated RatingHold$142.70Low
12/5/2019MKM PartnersReiterated RatingHold$230.00Low
11/29/2019Eight CapitalDowngradeHold$250.00High
11/27/2019Bank of AmericaUpgradeNeutral ➝ BuyLow
11/20/2019Bank of AmericaUpgradeNeutral ➝ Buy$153.20High
11/15/2019Compass PointLower TargetNeutral$240.00 ➝ $170.00Low
11/15/2019Alliance Global PartnersDowngradeBuy ➝ NeutralMedium
11/5/2019Cantor FitzgeraldInitiated CoverageNeutralHigh
10/22/2019Piper Sandler CompaniesLower TargetOverweight$400.00 ➝ $360.00High
10/15/2019MKM PartnersDowngradeSellN/A
10/11/2019Jefferies Financial GroupDowngradeHold ➝ Underperform$250.00High
10/1/2019Piper Sandler CompaniesLower TargetOverweight$490.00 ➝ $400.00Low
9/27/2019Bank of AmericaDowngradeBuy ➝ Neutral$270.00Medium
9/19/2019MKM PartnersInitiated CoverageNeutralHigh
9/17/2019OppenheimerInitiated CoverageMarket PerformMedium
8/16/2019DesjardinsReiterated RatingHoldMedium
8/16/2019Piper Sandler CompaniesLower TargetOverweight$540.00 ➝ $490.00High
8/16/2019BenchmarkLower TargetBuy$1,000.00 ➝ $600.00Low
8/16/2019Stifel NicolausReiterated RatingBuy$500.00 ➝ $440.00Low
7/17/2019LADENBURG THALM/SH SHInitiated CoverageBuy ➝ Buy$500.00Low
7/8/2019Piper Sandler CompaniesLower TargetOverweight$570.00 ➝ $540.00Low
7/5/2019Bryan, Garnier & CoDowngradeBuy ➝ NeutralLow
7/4/2019DesjardinsReiterated RatingHoldLow
7/3/2019Bank of AmericaSet TargetBuy$530.00Low
7/3/2019Stifel NicolausReiterated RatingBuyLow
6/28/2019Consumer EdgeInitiated CoverageEqual Weight ➝ Equal WeightLow
6/24/2019DesjardinsReiterated RatingHoldMedium
6/21/2019Piper Sandler CompaniesSet TargetBuy$600.00Medium
6/19/2019Bank of AmericaLower TargetBuy$800.00 ➝ $750.00Low
6/12/2019Evercore ISIInitiated CoverageOutperform$1,200.00 ➝ $1,075.70Low
6/10/2019Compass PointInitiated CoverageNeutral$437.60Medium
6/7/2019Bank of AmericaSet TargetBuy$800.00High
6/5/2019Stifel NicolausInitiated CoverageBuy ➝ Buy$408.30Low
5/13/2019Alliance Global PartnersInitiated CoverageBuyHigh
4/25/2019DesjardinsInitiated CoverageBuy ➝ BuyHigh
(Data available from 4/24/2019 forward)

News Sentiment Rating

0.84 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 11 very positive mentions
  • 25 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
9/26/2023
  • 4 very positive mentions
  • 10 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
10/26/2023
  • 4 very positive mentions
  • 7 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
11/25/2023
  • 9 very positive mentions
  • 11 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
12/25/2023
  • 5 very positive mentions
  • 10 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
1/24/2024
  • 9 very positive mentions
  • 16 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
2/23/2024
  • 17 very positive mentions
  • 20 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
3/24/2024
  • 44 very positive mentions
  • 16 positive mentions
  • 10 negative mentions
  • 0 very negative mentions
4/23/2024

Current Sentiment

  • 44 very positive mentions
  • 16 positive mentions
  • 10 negative mentions
  • 0 very negative mentions
Canopy Growth logo
Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in Canada, the United States, and Germany. It operates through two segments, Global Cannabis and Other Consumer Products. The company's products include dried cannabis flower, extracts and concentrates, beverages, gummies, and vapes. It offers its products under the Tweed, 7ACRES, 7ACRES Craft Collective, DOJA, Ace Valley, Quatreau, Deep Space, First + Free, Surity Pro, Spectrum Therapeutics, Vert, Tokyo Smoke, Twd, Martha Stewart CBD, DNA Genetics, BioSteel, Storz & Bickel, This Works, HiWay, Simple Stash, Whisl, and Truverra brands. The company was formerly known as Tweed Marijuana Inc. and changed its name to Canopy Growth Corporation in September 2015. Canopy Growth Corporation was incorporated in 2009 and is headquartered in Smiths Falls, Canada.
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Today's Range

Now: $9.03
Low: $7.67
High: $9.15

50 Day Range

MA: $5.67
Low: $2.77
High: $10.89

52 Week Range

Now: $9.03
Low: $2.76
High: $19.20

Volume

11,984,907 shs

Average Volume

21,864,752 shs

Market Capitalization

$822.81 million

P/E Ratio

N/A

Dividend Yield

N/A

Beta

1.39

Frequently Asked Questions

What sell-side analysts currently cover shares of Canopy Growth?

The following Wall Street sell-side analysts have issued reports on Canopy Growth in the last year: Bank of America Co., BMO Capital Markets, Piper Sandler, and Sanford C. Bernstein.
View the latest analyst ratings for CGC.

What is the current price target for Canopy Growth?

3 Wall Street analysts have set twelve-month price targets for Canopy Growth in the last year. Their average twelve-month price target is $4.87, suggesting a possible downside of 46.1%. Bank of America Co. has the highest price target set, predicting CGC will reach $6.60 in the next twelve months. Piper Sandler has the lowest price target set, forecasting a price of $3.00 for Canopy Growth in the next year.
View the latest price targets for CGC.

What is the current consensus analyst rating for Canopy Growth?

Canopy Growth currently has 2 sell ratings and 2 hold ratings from Wall Street analysts. The stock has a consensus analyst rating of "Reduce."
View the latest ratings for CGC.

What other companies compete with Canopy Growth?

How do I contact Canopy Growth's investor relations team?

Canopy Growth's physical mailing address is 1 HERSHEY DRIVE, SMITH FALLS A6, K7A0A8. The company's listed phone number is (855) 558-9333 and its investor relations email address is [email protected]. The official website for Canopy Growth is www.canopygrowth.com. Learn More about contacing Canopy Growth investor relations.