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

OverviewRevenueOwnershipFinancialsChartTranscripts

CGC Stock Forecast

Canopy Growth (CGC) stock forecast, based on 21 Wall Street analysts, predicts a 12-month average price target of $14.47, with a high of $27.85 and a low of $8.00. This represents a 1126.27% increase from the last price of $1.18.

- $6 $12 $18 $24 $30 High: $27.85 Avg: $14.47 Low: $8 Last Closed Price: $1.18

CGC Stock Rating

Canopy Growth stock's rating consensus is Buy, based on 21 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 9 Buy (42.86%), 8 Hold (38.10%), 4 Sell (19.05%), and 0 Strong Sell (0.00%).

Buy
Total 21 0 4 8 9 Strong Sell Sell Hold Buy Strong Buy

CGC Price Target Upside V Benchmarks

TypeNameUpside
StockCanopy Growth1126.27%
SectorHealthcare Stocks 35.25%
IndustrySpecialty & Generic Drug Manufacturers Stocks47.55%
IdeaCannabis Stocks List290.27%

Price Target Trends

1M3M12M
# Anlaysts---
Avg Price Target---
Last Closing Price$1.18$1.18$1.18
Upside/Downside---
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Apr, 252-43110
Mar, 251-53110
Feb, 251-53110
Jan, 251-53110
Dec, 241-73213
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Jan 06, 2022Aaron GreyAlliance Global Partners$8.75$8.216.58%641.53%
Dec 06, 2021Derek ArchilaWells Fargo$8.00$10.15-21.18%577.97%
Nov 23, 2021Owen BennettJefferies$13.29$11.6214.37%1026.27%
Jun 03, 2021John ChuDesjardins$27.85$25.2710.21%2260.17%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Aug 10, 2024Alliance Global PartnersNeutralNeutralhold
Jun 18, 2024ATB CapitalSector Performinitialise
Jun 04, 2024Alliance Global PartnersNeutralNeutralhold
May 31, 2024Piper SandlerUnderweightUnderweighthold
Feb 21, 2023Cantor FitzgeraldPositivePositivehold
Oct 25, 2022Alliance Global PartnersNeutralNeutralhold
Jul 06, 2022Cantor FitzgeraldReduceReducehold
Feb 18, 2022Cantor FitzgeraldNeutralNeutralhold

Financial Forecast

EPS Forecast

$-65 $-50 $-35 $-20 $-5 $10 Mar 21 Mar 22 Mar 23 Mar 24 Mar 25 Mar 26 Mar 27 Mar 28 Mar 29
Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26Mar 27Mar 28Mar 29
Reported$-4.50$-0.82$-7.14$-8.79-----
Avg Forecast$-30.97$4.80$-60.13$-6.78$-3.65$-0.89$-2.02$-10.51$-7.57
High Forecast$-29.03$5.17$-58.29$-6.62$-3.43$-0.68$-1.96$-10.19$-7.33
Low Forecast$-33.34$4.50$-62.71$-6.93$-3.86$-1.15$-2.11$-10.96$-7.89
Surprise %-85.47%-117.08%-88.13%29.65%-----

Revenue Forecast

$250M $320M $390M $460M $530M $600M Mar 21 Mar 22 Mar 23 Mar 24 Mar 25 Mar 26 Mar 27 Mar 28 Mar 29
Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26Mar 27Mar 28Mar 29
Reported$546.65M$520.33M$402.90M$297.15M-----
Avg Forecast$552.08M$538.14M$425.78M$320.42M$273.32M$296.48M$320.15M$353.74M$385.07M
High Forecast$584.58M$569.82M$439.84M$321.84M$275.92M$301.42M$330.72M$365.42M$397.78M
Low Forecast$525.52M$512.25M$415.74M$319.66M$269.50M$291.54M$312.60M$345.40M$375.99M
Surprise %-0.98%-3.31%-5.37%-7.26%-----

Net Income Forecast

$-7B $-5B $-4B $-2B $-900M $500M Mar 21 Mar 22 Mar 23 Mar 24 Mar 25 Mar 26 Mar 27 Mar 28 Mar 29
Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26Mar 27Mar 28Mar 29
Reported$-1.67B$-320.49M$-3.31B$-657.27M-----
Avg Forecast$-5.02B$359.09M$-4.50B$-1.95B$-273.21M$-66.62M$-150.99M$-785.94M$-565.83M
High Forecast$-3.87B$386.57M$-4.36B$-1.56B$-256.70M$-50.76M$-146.36M$-761.85M$-548.49M
Low Forecast$-6.17B$336.63M$-4.69B$-2.34B$-288.89M$-85.66M$-157.47M$-819.67M$-590.12M
Surprise %-66.72%-189.25%-26.40%-66.31%-----

CGC Forecast FAQ

Is Canopy Growth stock a buy?

Canopy Growth stock has a consensus rating of Buy, based on 21 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 9 Buy, 8 Hold, 4 Sell, and 0 Strong Sell, reflecting a consensus that Canopy Growth is a favorable investment for most analysts.

What is Canopy Growth's price target?

Canopy Growth's price target, set by 21 Wall Street analysts, averages $14.47 over the next 12 months. The price target range spans from $8 at the low end to $27.85 at the high end, suggesting a potential 1126.27% change from the previous closing price of $1.18.

How does Canopy Growth stock forecast compare to its benchmarks?

Canopy Growth's stock forecast shows a 1126.27% upside, outperforming the average forecast for the healthcare stocks sector (35.25%) and outperforming the specialty & generic drug manufacturers stocks industry (47.55%), leading the cannabis stocks list (290.27%) investment idea.

What is the breakdown of analyst ratings for Canopy Growth over the past three months?

  • April 2025: 20.00% Strong Buy, 0% Buy, 40.00% Hold, 30.00% Sell, 10.00% Strong Sell.
  • March 2025: 10.00% Strong Buy, 0% Buy, 50.00% Hold, 30.00% Sell, 10.00% Strong Sell.
  • February 2025: 10.00% Strong Buy, 0% Buy, 50.00% Hold, 30.00% Sell, 10.00% Strong Sell.

What is Canopy Growth’s EPS forecast?

Canopy Growth's average annual EPS forecast for its fiscal year ending in March 2025 is $-3.65, marking a -58.48% decrease from the reported $-8.79 in 2024. Estimates for the following years are $-0.89 in 2026, $-2.02 in 2027, $-10.51 in 2028, and $-7.57 in 2029.

What is Canopy Growth’s revenue forecast?

Canopy Growth's average annual revenue forecast for its fiscal year ending in March 2025 is $273.32M, reflecting a -8.02% decrease from the reported $297.15M in 2024. The forecast for 2026 is $296.48M, followed by $320.15M for 2027, $353.74M for 2028, and $385.07M for 2029.

What is Canopy Growth’s net income forecast?

Canopy Growth's net income forecast for the fiscal year ending in March 2025 stands at $-273M, representing a -58.43% decrease from the reported $-657M in 2024. Projections indicate $-66.623M in 2026, $-151M in 2027, $-786M in 2028, and $-566M in 2029.