Canopy Growth (CGC) Stock Forecast, Price Target & Predictions

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CGC Stock Forecast

Canopy Growth stock forecast is as follows: an average price target of $14.47 (represents a 284.84% upside from CGC’s last price of $3.76) and a rating consensus of 'Hold', based on 4 wall street analysts offering a 1-year stock forecast.

CGC Price Target

The average price target for Canopy Growth (CGC) is $14.47 based on 1-year price targets from 4 Wall Street analysts in the past 3 months, with a price target range of $27.85 to $8.00. This represents a potential 284.84% upside from CGC's last price of $3.76.

CGC Analyst Ratings

Hold

According to 4 Wall Street analysts, Canopy Growth's rating consensus is 'Hold'. The analyst rating breakdown for CGC stock is 0 'Strong Buy' (0.00%), 1 'Buy' (25.00%), 2 'Hold' (50.00%), 1 'Sell' (25.00%), and 0 'Strong Sell' (0.00%).

Canopy Growth Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Jan 06, 2022	Aaron Grey	Alliance Global Partners	$8.75	$8.21	6.62%	132.80%
Dec 06, 2021	Derek Archila	Wells Fargo	$8.00	$10.15	-21.18%	112.77%
Nov 23, 2021	Owen Bennett	Jefferies	$13.29	$11.62	14.36%	253.43%
Jun 03, 2021	John Chu	Desjardins	$27.85	$25.27	10.21%	640.72%

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The latest Canopy Growth stock forecast, released on Jan 06, 2022 by Aaron Grey from Alliance Global Partners, set a price target of $8.75, which represents a 6.62% increase from the stock price at the time of the forecast ($8.21), and a 132.80% increase from CGC last price ($3.76).

Canopy Growth Price Target by Period

	1M	3M	12M
# Anlaysts	-	-	-
Avg Price Target	-	-	-
Last Closing Price	$3.76	$3.76	$3.76
Upside/Downside	-100.00%	-100.00%	-100.00%

In the current month, the average price target of Canopy Growth stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Canopy Growth's last price of $3.76. This month's average price target is down NaN% compared to last quarter, and down NaN% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Aug 10, 2024	Alliance Global Partners	Neutral	Neutral	Hold
Jun 18, 2024	ATB Capital	-	Sector Perform	Initialise
Jun 04, 2024	Alliance Global Partners	Neutral	Neutral	Hold
May 31, 2024	Piper Sandler	Underweight	Underweight	Hold
Feb 21, 2023	Cantor Fitzgerald	Positive	Positive	Hold
Oct 25, 2022	Alliance Global Partners	Neutral	Neutral	Hold
Jul 06, 2022	Cantor Fitzgerald	Reduce	Reduce	Hold
Feb 18, 2022	Cantor Fitzgerald	Neutral	Neutral	Hold

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Canopy Growth's last stock rating was published by Alliance Global Partners on Aug 10, 2024. The company gave CGC a "Neutral" rating, the same as its previous rate.

Canopy Growth Financial Forecast

Canopy Growth Revenue Forecast

	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	$90.06M	$82.08M	$121.11M	$98.15M	$101.21M	$117.86M	$110.11M	$111.77M	$136.21M	$131.37M	$140.97M	$148.44M	$110.42M	$135.27M	$152.53M	$107.91M	$90.48M
Avg Forecast	$85.27M	$80.47M	$78.06M	$82.00M	$78.22M	$74.44M	$68.16M	$70.40M	$71.64M	$66.51M	$64.10M	$70.07M	$72.93M	$74.51M	$73.30M	$90.05M	$96.96M	$115.90M	$112.09M	$112.65M	$129.76M	$136.91M	$140.19M	$150.72M	$151.34M	$150.18M	$117.63M	$97.03M	$128.07M	$106.24M
High Forecast	$91.95M	$86.78M	$84.19M	$88.43M	$84.35M	$80.28M	$73.51M	$75.92M	$75.09M	$69.42M	$69.13M	$75.57M	$78.65M	$74.65M	$91.38M	$97.11M	$104.57M	$124.99M	$112.09M	$112.65M	$129.76M	$136.91M	$140.19M	$150.72M	$151.34M	$150.18M	$117.63M	$97.03M	$128.07M	$106.24M
Low Forecast	$79.81M	$75.31M	$73.07M	$76.75M	$73.21M	$69.68M	$63.80M	$65.89M	$69.46M	$61.82M	$59.99M	$65.59M	$68.26M	$74.29M	$54.91M	$84.28M	$90.75M	$108.48M	$112.09M	$112.65M	$129.76M	$136.91M	$140.19M	$150.72M	$151.34M	$150.18M	$117.63M	$97.03M	$128.07M	$106.24M
# Analysts	3	3	3	3	3	4	4	4	6	6	3	1	1	3	11	5	9	5	4	4	7	5	5	10	7	13	8	8	9	12
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	1.21%	1.12%	1.34%	1.01%	0.87%	1.05%	0.98%	0.86%	0.99%	0.94%	0.94%	0.98%	0.74%	1.15%	1.57%	0.84%	0.85%

Canopy Growth's average Quarter revenue forecast for Mar 24 based on 1 analysts is $72.93M, with a low forecast of $68.26M, and a high forecast of $78.65M. CGC's average Quarter revenue forecast represents a -19.02% decrease compared to the company's last Quarter revenue of $90.06M (Dec 23).

Canopy Growth EBITDA Forecast

	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19
# Analysts	3	3	3	3	3	4	4	4	6	6	3	1	1	3	11	5	9	5	4	4	7	5	5	10	7	13	8	8	9	12
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	$-60.32M	$-7.01M	$-91.34M	$-604.71M	$-88.64M	$-66.62M	$1.64B	$-47.36M	$138.68M	$124.08M	$-21.52M	$-339.67M	$-173.17M	$-63.21M	$-479.19M	$-2.10B	$-44.96M
Avg Forecast	$-79.34M	$-74.87M	$-72.64M	$-76.30M	$-72.78M	$-69.27M	$-63.42M	$-65.51M	$-66.66M	$-61.88M	$-59.64M	$-65.20M	$-1.69B	$-69.33M	$-68.21M	$-83.79M	$-1.53B	$-93.44M	$-9.51M	$-9.56M	$-1.52B	$-11.62M	$-11.90M	$-12.79M	$-12.84M	$-12.74M	$-9.98M	$-8.23M	$-10.87M	$-9.02M
High Forecast	$-74.26M	$-70.08M	$-67.99M	$-71.42M	$-68.12M	$-64.83M	$-59.36M	$-61.31M	$-64.63M	$-57.52M	$-55.82M	$-61.03M	$-1.36B	$-69.12M	$-51.09M	$-78.43M	$-1.23B	$-74.75M	$-9.51M	$-9.56M	$-1.21B	$-11.62M	$-11.90M	$-12.79M	$-12.84M	$-12.74M	$-9.98M	$-8.23M	$-10.87M	$-9.02M
Low Forecast	$-85.56M	$-80.75M	$-78.34M	$-82.29M	$-78.49M	$-74.70M	$-68.40M	$-70.65M	$-69.87M	$-64.60M	$-64.32M	$-70.32M	$-2.03B	$-69.46M	$-85.03M	$-90.36M	$-1.84B	$-112.13M	$-9.51M	$-9.56M	$-1.82B	$-11.62M	$-11.90M	$-12.79M	$-12.84M	$-12.74M	$-9.98M	$-8.23M	$-10.87M	$-9.02M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	0.87%	0.10%	1.09%	0.39%	0.95%	7.00%	-171.51%	0.03%	-11.94%	-10.43%	1.68%	26.45%	13.59%	6.33%	58.20%	192.84%	4.99%

4 analysts predict CGC's average Quarter EBITDA for Sep 22 to be $-9.51M, with a high of $-9.51M and a low of $-9.51M. This is -100.58% lower than Canopy Growth's previous annual EBITDA (Jun 22) of $1.64B.

Canopy Growth Net Income Forecast

	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19
# Analysts	3	3	3	3	3	4	4	4	6	6	3	1	1	3	11	5	9	5	4	4	7	5	5	10	7	13	8	8	9	12
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	$-216.80M	$-310.01M	$-38.12M	$-640.08M	$-266.72M	$-231.91M	$-2.09B	$-578.61M	$389.95M	$-16.33M	$392.42M	$-616.70M	$-128.32M	$-96.55M	$-829.25M	$456.88M	$-1.28B
Avg Forecast	$-24.18M	$-21.68M	$-26.68M	$-24.18M	$-24.76M	$-25.16M	$-28.75M	$-18.84M	$-39.54M	$-41.88M	$-43.21M	$-39.59M	$-1.85B	$-43.74M	$-135.93M	$-153.30M	$-1.68B	$-193.19M	$-211.60M	$-226.58M	$-1.66B	$-227.56M	$-159.07M	$620.13M	$-199.33M	$-257.46M	$-290.75M	$-330.91M	$405.02M	$-415.13M
High Forecast	$-22.17M	$-19.87M	$-24.46M	$-22.17M	$-22.70M	$-23.07M	$-26.35M	$-17.27M	$-27.24M	$-27.60M	$-39.62M	$-36.29M	$-1.48B	$-29.16M	$-31.37M	$-140.54M	$-1.34B	$-154.55M	$-211.60M	$-226.58M	$-1.32B	$-227.56M	$-159.07M	$744.16M	$-199.33M	$-257.46M	$-290.75M	$-330.91M	$486.02M	$-415.13M
Low Forecast	$-26.64M	$-23.89M	$-29.40M	$-26.64M	$-27.29M	$-27.73M	$-31.68M	$-20.76M	$-55.36M	$-60.92M	$-47.62M	$-43.62M	$-2.22B	$-62.21M	$-271.87M	$-168.94M	$-2.01B	$-231.83M	$-211.60M	$-226.58M	$-1.99B	$-227.56M	$-159.07M	$496.10M	$-199.33M	$-257.46M	$-290.75M	$-330.91M	$324.01M	$-415.13M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	4.96%	2.28%	0.25%	0.38%	1.38%	1.10%	9.21%	0.35%	-1.71%	0.10%	0.63%	3.09%	0.50%	0.33%	2.51%	1.13%	3.09%

Canopy Growth's average Quarter net income forecast for Mar 22 is $-1.66B, with a range of $-1.99B to $-1.32B. CGC's average Quarter net income forecast represents a -524.62% decrease compared to the company's last Quarter net income of $389.95M (Dec 21).

Canopy Growth SG&A Forecast

	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19
# Analysts	3	3	3	3	3	4	4	4	6	6	3	1	1	3	11	5	9	5	4	4	7	5	5	10	7	13	8	8	9	12
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	$54.44M	$57.61M	$91.25M	$104.33M	$129.06M	$135.70M	$108.85M	$129.26M	$97.33M	$116.03M	$98.60M	$129.89M	$133.28M	$134.91M	$125.77M	$236.49M	$194.73M
Avg Forecast	$105.68M	$99.73M	$96.76M	$101.64M	$96.95M	$92.27M	$84.48M	$87.26M	$88.79M	$82.43M	$79.45M	$86.85M	$90.40M	$92.35M	$90.86M	$111.61M	$120.18M	$143.65M	$138.93M	$139.63M	$160.83M	$169.70M	$173.76M	$186.81M	$187.57M	$186.15M	$145.80M	$120.26M	$158.73M	$131.68M
High Forecast	$113.97M	$107.56M	$104.35M	$109.61M	$104.55M	$99.51M	$91.11M	$94.10M	$93.06M	$86.04M	$85.68M	$93.67M	$97.49M	$92.53M	$113.26M	$120.37M	$129.60M	$154.92M	$138.93M	$139.63M	$160.83M	$169.70M	$173.76M	$186.81M	$187.57M	$186.15M	$145.80M	$120.26M	$158.73M	$131.68M
Low Forecast	$98.92M	$93.35M	$90.56M	$95.13M	$90.74M	$86.36M	$79.07M	$81.67M	$86.09M	$76.62M	$74.36M	$81.29M	$84.61M	$92.07M	$68.05M	$104.47M	$112.48M	$134.45M	$138.93M	$139.63M	$160.83M	$169.70M	$173.76M	$186.81M	$187.57M	$186.15M	$145.80M	$120.26M	$158.73M	$131.68M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	0.59%	0.63%	0.82%	0.87%	0.90%	0.98%	0.78%	0.80%	0.57%	0.67%	0.53%	0.69%	0.72%	0.93%	1.05%	1.49%	1.48%

Canopy Growth's average Quarter SG&A projection for Mar 24 is $90.40M, based on 1 Wall Street analysts, with a range of $84.61M to $97.49M. The forecast indicates a 66.06% rise compared to CGC last annual SG&A of $54.44M (Dec 23).

Canopy Growth EPS Forecast

	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19
# Analysts	3	3	3	3	3	4	4	4	6	6	3	1	1	3	11	5	9	5	4	4	7	5	5	10	7	13	8	8	9	12
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	$-261.46	$-432.80	$-0.00	$-1.28	$-0.55	$-0.49	$-5.24	$-1.47	$1.02	$-0.04	$-0.29	$-1.63	$-0.35	$-0.26	$-2.22	$1.31	$-3.69
Avg Forecast	$-0.28	$-0.25	$-0.31	$-0.28	$-0.29	$-0.29	$-0.33	$-0.22	$-0.46	$-0.48	$-0.50	$-0.46	$-0.44	$-0.50	$-1.57	$-1.77	$-2.08	$-2.19	$-2.67	$-2.86	$-3.06	$-2.87	$-2.01	$-2.59	$-2.52	$-3.25	$-3.67	$-4.18	$-5.86	$-5.24
High Forecast	$-0.26	$-0.23	$-0.28	$-0.26	$-0.26	$-0.27	$-0.30	$-0.20	$-0.31	$-0.32	$-0.46	$-0.42	$-0.41	$-0.34	$-0.36	$-1.62	$-1.90	$-2.01	$-2.67	$-2.86	$-3.06	$-2.87	$-2.01	$-2.59	$-2.52	$-3.25	$-3.67	$-4.18	$-5.86	$-5.24
Low Forecast	$-0.31	$-0.28	$-0.34	$-0.31	$-0.31	$-0.32	$-0.36	$-0.24	$-0.64	$-0.70	$-0.55	$-0.50	$-0.49	$-0.72	$-3.13	$-1.95	$-2.29	$-2.42	$-2.67	$-2.86	$-3.06	$-2.87	$-2.01	$-2.59	$-2.52	$-3.25	$-3.67	$-4.18	$-5.86	$-5.24
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	518.99%	276.45%	0.00%	0.62%	0.25%	0.18%	1.83%	0.48%	-0.36%	0.02%	0.11%	0.65%	0.11%	0.07%	0.53%	-0.22%	0.70%

According to 7 Wall Street analysts, Canopy Growth's projected average Quarter EPS for Mar 22 is $-3.06, with a low estimate of $-3.06 and a high estimate of $-3.06. This represents a -399.93% decrease compared to CGC previous annual EPS of $1.02 (Dec 21).

CGC Forecast FAQ

Is Canopy Growth a good buy?

No, according to 4 Wall Street analysts, Canopy Growth (CGC) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 25.00% of CGC's total ratings.

What is CGC's price target?

Canopy Growth (CGC) average price target is $14.47 with a range of $8 to $27.85, implying a 284.84% from its last price of $3.76. The data is based on 4 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Canopy Growth stock go up soon?

According to Wall Street analysts' prediction for CGC stock, the company can go up by 284.84% (from the last price of $3.76 to the average price target of $14.47), up by 640.72% based on the highest stock price target, and up by 112.77% based on the lowest stock price target.

Can Canopy Growth stock reach $6?

CGC's average twelve months analyst stock price target of $14.47 supports the claim that Canopy Growth can reach $6 in the near future.

What are Canopy Growth's analysts' financial forecasts?

Canopy Growth's analysts financial forecasts for the fiscal year (Mar 2026) are as follows: average revenue is $291.22M (high $314.06M, low $272.57M), average EBITDA is $-271M (high $-254M, low $-292M), average net income is $-97.51M (high $-89.393M, low $-107M), average SG&A $360.95M (high $389.27M, low $337.84M), and average EPS is $-1.123 (high $-1.03, low $-1.238). CGC's analysts financial forecasts for the fiscal year (Mar 2027) are as follows: average revenue is $325.8M (high $351.35M, low $304.93M), average EBITDA is $-303M (high $-284M, low $-327M), average net income is $-96.712M (high $-88.662M, low $-107M), average SG&A $403.81M (high $435.48M, low $377.95M), and average EPS is $-1.114 (high $-1.021, low $-1.227).

Did the CGC's actual financial results beat the analysts' financial forecasts?

Based on Canopy Growth's last annual report (Mar 2023), the company's revenue was $450.9M, beating the average analysts forecast of $437.6M by 3.04%. Apple's EBITDA was $-2.848B, beating the average prediction of $-1.647B by 72.90%. The company's net income was $-3.278B, beating the average estimation of $-2.307B by 42.08%. Apple's SG&A was $456.22M, missing the average forecast of $542.38M by -15.89%. Lastly, the company's EPS was $-7.07, missing the average prediction of $-9.797 by -27.83%. In terms of the last quarterly report (Dec 2023), Canopy Growth's revenue was $90.06M, beating the average analysts' forecast of $74.51M by 20.87%. The company's EBITDA was $-60.316M, missing the average prediction of $-69.332M by -13.00%. Canopy Growth's net income was $-217M, beating the average estimation of $-43.743M by 395.61%. The company's SG&A was $54.44M, missing the average forecast of $92.35M by -41.06%. Lastly, the company's EPS was $-261, beating the average prediction of $-0.504 by 51798.61%