Cronos Group (CRON) Stock Forecast, Price Target & Predictions
CRON Stock Forecast
Cronos Group stock forecast is as follows: an average price target of $3.43 (represents a 57.34% upside from CRON’s last price of $2.18) and a rating consensus of 'Hold', based on 4 wall street analysts offering a 1-year stock forecast.
CRON Price Target
The average price target for Cronos Group (CRON) is $3.43 based on 1-year price targets from 4 Wall Street analysts in the past 3 months, with a price target range of $4.50 to $2.30. This represents a potential 57.34% upside from CRON's last price of $2.18.
CRON Analyst Ratings
According to 4 Wall Street analysts, Cronos Group's rating consensus is 'Hold'. The analyst rating breakdown for CRON 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%).
Cronos Group Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 09, 2024 | Lisa Lewandowski | Bank of America Securities | $2.30 | $2.32 | -0.86% | 5.50% |
| Sep 30, 2022 | - | Barclays | $3.50 | $2.93 | 19.45% | 60.55% |
| May 11, 2022 | Matt Bottomley | Canaccord Genuity | $4.50 | $3.18 | 41.51% | 106.42% |
The latest Cronos Group stock forecast, released on Aug 09, 2024 by Lisa Lewandowski from Bank of America Securities, set a price target of $2.30, which represents a -0.86% decrease from the stock price at the time of the forecast ($2.32), and a 5.50% increase from CRON last price ($2.18).
Cronos Group Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 1 |
| Avg Price Target | - | $2.30 | $2.30 |
| Last Closing Price | $2.18 | $2.18 | $2.18 |
| Upside/Downside | -100.00% | 5.50% | 5.50% |
In the current month, the average price target of Cronos Group stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Cronos Group's last price of $2.18. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 09, 2024 | Bank of America Securities | Underperform | Underperform | Hold |
| May 15, 2024 | CIBC | Outperform | Outperform | Hold |
| Apr 08, 2024 | Bank of America Securities | Underperform | Underperform | Hold |
| Sep 30, 2022 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Feb 22, 2022 | Canaccord Genuity | Sell | Sell | Hold |
| Feb 22, 2022 | Piper Sandler | Neutral | Neutral | Hold |
Cronos Group's last stock rating was published by Bank of America Securities on Aug 09, 2024. The company gave CRON a "Underperform" rating, the same as its previous rate.
Cronos Group Financial Forecast
Cronos Group Revenue Forecast
| 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 | Sep 19 | Jun 19 | Mar 19 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | $47.19M | $33.91M | $25.80M | $20.14M | $22.89M | $20.92M | $23.06M | $25.03M | $25.80M | $20.41M | $15.62M | $12.61M | $17.05M | $11.36M | $9.88M | $8.43M | $1.54M | $9.59M | $7.80M | $4.85M | $385.25K |
| Avg Forecast | $36.80M | $34.60M | $35.52M | $34.05M | $31.68M | $30.61M | $26.09M | $23.85M | $25.73M | $20.01M | $22.32M | $24.06M | $22.20M | $24.99M | $27.99M | $23.97M | $23.58M | $19.94M | $14.88M | $16.56M | $13.32M | $11.10M | $9.22M | $10.49M | $12.13M | $10.37M | $5.47M | $4.77M | $514.20K |
| High Forecast | $37.05M | $34.84M | $35.76M | $34.28M | $31.89M | $30.82M | $26.27M | $24.01M | $26.81M | $20.15M | $22.48M | $24.22M | $22.35M | $25.16M | $28.78M | $24.65M | $24.24M | $20.50M | $15.30M | $17.03M | $13.70M | $11.41M | $9.48M | $10.79M | $12.47M | $10.66M | $5.62M | $4.90M | $617.04K |
| Low Forecast | $36.55M | $34.36M | $35.27M | $33.81M | $31.46M | $30.40M | $25.92M | $23.68M | $24.66M | $19.88M | $22.17M | $23.89M | $22.05M | $24.82M | $27.20M | $23.30M | $22.91M | $19.38M | $14.46M | $16.09M | $12.95M | $10.78M | $8.96M | $10.19M | $11.79M | $10.07M | $5.31M | $4.63M | $411.36K |
| # Analysts | - | - | - | - | - | 1 | - | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 7 | 6 | 5 | 5 | 5 | 5 | 13 |
| Surprise % | - | - | - | - | - | - | - | - | 1.83% | 1.69% | 1.16% | 0.84% | 1.03% | 0.84% | 0.82% | 1.04% | 1.09% | 1.02% | 1.05% | 0.76% | 1.28% | 1.02% | 1.07% | 0.80% | 0.13% | 0.93% | 1.43% | 1.02% | 0.75% |
Cronos Group's average Quarter revenue forecast for Mar 24 based on 1 analysts is $23.85M, with a low forecast of $23.68M, and a high forecast of $24.01M. CRON's average Quarter revenue forecast represents a -49.47% decrease compared to the company's last Quarter revenue of $47.19M (Dec 23).
Cronos Group EBITDA Forecast
| 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 | Sep 19 | Jun 19 | Mar 19 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | 1 | - | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 7 | 6 | 5 | 5 | 5 | 5 | 13 |
| EBITDA | - | - | - | - | - | - | - | - | $-63.80M | $-1.44M | $-7.01M | $-10.13M | $-445.00K | $-17.35M | $-22.56M | $-21.65M | $-32.47M | $-49.73M | $-54.70M | $-41.10M | $-56.67M | $-36.16M | $-30.02M | $-157.27M | $1.11B | $-669.87M | $-215.76M | $1.95M | $-320.83K |
| Avg Forecast | $-23.32M | $-21.93M | $-22.51M | $-21.58M | $-20.08M | $-19.40M | $-16.54M | $-45.28M | $-16.31M | $-12.68M | $-14.15M | $-41.03M | $-14.07M | $-15.84M | $-17.74M | $-29.96M | $-14.94M | $-12.64M | $-9.43M | $-520.72M | $-8.44M | $-7.03M | $-5.85M | $-6.65M | $-7.69M | $-6.57M | $-3.46M | $-3.02M | $-487.68K |
| High Forecast | $-23.16M | $-21.78M | $-22.35M | $-21.43M | $-19.94M | $-19.27M | $-16.42M | $-36.23M | $-15.63M | $-12.60M | $-14.05M | $-32.82M | $-13.97M | $-15.73M | $-17.24M | $-23.97M | $-14.52M | $-12.28M | $-9.16M | $-416.58M | $-8.21M | $-6.83M | $-5.68M | $-6.46M | $-7.47M | $-6.38M | $-3.37M | $-2.94M | $-390.15K |
| Low Forecast | $-23.48M | $-22.08M | $-22.66M | $-21.73M | $-20.21M | $-19.54M | $-16.65M | $-54.34M | $-16.99M | $-12.77M | $-14.25M | $-49.23M | $-14.17M | $-15.95M | $-18.24M | $-35.96M | $-15.37M | $-12.99M | $-9.70M | $-624.87M | $-8.68M | $-7.23M | $-6.01M | $-6.84M | $-7.91M | $-6.76M | $-3.56M | $-3.11M | $-585.22K |
| Surprise % | - | - | - | - | - | - | - | - | 3.91% | 0.11% | 0.50% | 0.25% | 0.03% | 1.10% | 1.27% | 0.72% | 2.17% | 3.94% | 5.80% | 0.08% | 6.71% | 5.14% | 5.14% | 23.66% | -144.08% | 101.95% | 62.28% | -0.65% | 0.66% |
6 analysts predict CRON's average Quarter EBITDA for Mar 20 to be $-6.65M, with a high of $-6.46M and a low of $-6.84M. This is -100.60% lower than Cronos Group's previous annual EBITDA (Dec 19) of $1.11B.
Cronos Group Net Income Forecast
| 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 | Sep 19 | Jun 19 | Mar 19 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | 1 | - | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 7 | 6 | 5 | 5 | 5 | 5 | 13 |
| Net Income | - | - | - | - | - | - | - | - | $-44.70M | $-1.64M | $-8.36M | $-19.26M | $-78.86M | $-36.89M | $-20.34M | $-32.65M | $-133.89M | $77.92M | $57.05M | $-279.93M | $-111.58M | $69.03M | $-106.98M | $76.04M | $58.10M | $595.53M | $191.28M | $320.42M | $-633.21K |
| Avg Forecast | - | - | - | $-5.10M | $1.70M | $2.61M | $-1.74M | $-53.93M | $-33.02M | $-9.06M | $-15.17M | $-48.86M | $-26.96M | $411.44M | $-27.56M | $-35.68M | $-51.46M | $-38.76M | $-36.24M | $-526.88M | $-34.16M | $-27.29M | $-27.57M | $580.44M | $-16.40M | $-12.87M | $11.97B | $-11.46M | $-845.17K |
| High Forecast | - | - | - | $-5.06M | $1.72M | $5.23M | $-1.73M | $-43.14M | $-22.15M | $-8.98M | $-15.03M | $-39.09M | $-26.72M | $493.72M | $-26.54M | $-28.55M | $-49.57M | $-37.34M | $-34.91M | $-421.51M | $-32.90M | $-26.29M | $-26.56M | $696.52M | $-15.80M | $-12.40M | $14.36B | $-11.04M | $-676.13K |
| Low Forecast | - | - | - | $-5.15M | $1.69M | $-2.61M | $-1.76M | $-64.71M | $-43.90M | $-9.14M | $-15.31M | $-58.63M | $-27.20M | $329.15M | $-28.57M | $-42.82M | $-53.35M | $-40.18M | $-37.56M | $-632.26M | $-35.41M | $-28.29M | $-28.58M | $464.35M | $-17.01M | $-13.35M | $9.57B | $-11.88M | $-1.01M |
| Surprise % | - | - | - | - | - | - | - | - | 1.35% | 0.18% | 0.55% | 0.39% | 2.93% | -0.09% | 0.74% | 0.92% | 2.60% | -2.01% | -1.57% | 0.53% | 3.27% | -2.53% | 3.88% | 0.13% | -3.54% | -46.26% | 0.02% | -27.96% | 0.75% |
Cronos Group's average Quarter net income forecast for Dec 21 is $-51.46M, with a range of $-53.35M to $-49.57M. CRON's average Quarter net income forecast represents a -166.05% decrease compared to the company's last Quarter net income of $77.92M (Sep 21).
Cronos Group SG&A Forecast
| 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 | Sep 19 | Jun 19 | Mar 19 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | 1 | - | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 7 | 6 | 5 | 5 | 5 | 5 | 13 |
| SG&A | - | - | - | - | - | - | - | - | $10.63M | $19.66M | $18.75M | $20.80M | $24.95M | $27.36M | $25.20M | $31.07M | $32.69M | $46.03M | $38.19M | $34.66M | $35.48M | $34.01M | $27.49M | $33.31M | $67.17M | $23.00M | $17.17M | $8.87M | $1.18M |
| Avg Forecast | $77.08M | $72.47M | $74.38M | $71.31M | $66.35M | $64.12M | $54.65M | $49.95M | $53.89M | $41.92M | $46.76M | $50.39M | $46.50M | $52.35M | $58.63M | $50.21M | $49.38M | $41.76M | $31.17M | $34.68M | $27.90M | $23.24M | $19.32M | $21.97M | $25.41M | $21.71M | $11.45M | $9.99M | $1.08M |
| High Forecast | $77.61M | $72.97M | $74.90M | $71.80M | $66.80M | $64.56M | $55.03M | $50.29M | $56.14M | $42.21M | $47.08M | $50.74M | $46.82M | $52.71M | $60.28M | $51.63M | $50.78M | $42.94M | $32.05M | $35.66M | $28.69M | $23.90M | $19.87M | $22.59M | $26.13M | $22.33M | $11.77M | $10.27M | $1.29M |
| Low Forecast | $76.55M | $71.97M | $73.87M | $70.82M | $65.89M | $63.68M | $54.28M | $49.60M | $51.64M | $41.63M | $46.43M | $50.04M | $46.18M | $51.99M | $56.97M | $48.79M | $47.99M | $40.58M | $30.29M | $33.70M | $27.11M | $22.59M | $18.77M | $21.35M | $24.69M | $21.10M | $11.13M | $9.71M | $861.57K |
| Surprise % | - | - | - | - | - | - | - | - | 0.20% | 0.47% | 0.40% | 0.41% | 0.54% | 0.52% | 0.43% | 0.62% | 0.66% | 1.10% | 1.23% | 1.00% | 1.27% | 1.46% | 1.42% | 1.52% | 2.64% | 1.06% | 1.50% | 0.89% | 1.09% |
Cronos Group's average Quarter SG&A projection for Mar 24 is $49.95M, based on 1 Wall Street analysts, with a range of $49.60M to $50.29M. The forecast indicates a 369.75% rise compared to CRON last annual SG&A of $10.63M (Dec 23).
Cronos Group EPS Forecast
| 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 | Sep 19 | Jun 19 | Mar 19 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | 1 | - | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 7 | 6 | 5 | 5 | 5 | 5 | 13 |
| EPS | - | - | - | - | - | - | - | - | $-0.11 | $-0.00 | $-0.02 | $-0.05 | $-0.21 | $-0.10 | $-0.05 | $-0.09 | $-0.36 | $0.21 | $0.46 | $-0.77 | $-0.32 | $0.20 | $-0.52 | $0.91 | $0.18 | $1.76 | $0.57 | $1.46 | $-0.01 |
| Avg Forecast | - | - | - | $-0.01 | - | $0.01 | $-0.00 | $-0.01 | $-0.09 | $-0.02 | $-0.04 | $-0.05 | $-0.07 | $-0.08 | $-0.07 | $-0.11 | $-0.13 | $-0.10 | $-0.09 | $-0.11 | $-0.09 | $-0.07 | $-0.07 | $-0.08 | $-0.04 | $-0.03 | $-0.02 | $-0.03 | $-0.01 |
| High Forecast | - | - | - | $-0.01 | - | $0.01 | $-0.00 | $-0.01 | $-0.06 | $-0.02 | $-0.04 | $-0.05 | $-0.07 | $-0.08 | $-0.07 | $-0.10 | $-0.13 | $-0.10 | $-0.09 | $-0.11 | $-0.09 | $-0.07 | $-0.07 | $-0.08 | $-0.04 | $-0.03 | $-0.02 | $-0.03 | $-0.01 |
| Low Forecast | - | - | - | $-0.01 | - | $-0.01 | $-0.00 | $-0.01 | $-0.11 | $-0.02 | $-0.04 | $-0.05 | $-0.07 | $-0.08 | $-0.07 | $-0.11 | $-0.14 | $-0.11 | $-0.10 | $-0.12 | $-0.09 | $-0.07 | $-0.07 | $-0.08 | $-0.04 | $-0.03 | $-0.03 | $-0.03 | $-0.01 |
| Surprise % | - | - | - | - | - | - | - | - | 1.27% | 0.00% | 0.50% | 0.94% | 2.98% | 1.27% | 0.75% | 0.82% | 2.67% | -2.07% | -4.85% | 6.90% | 3.58% | -2.80% | 7.21% | -11.45% | -4.19% | -52.24% | -23.29% | -48.69% | 0.56% |
According to 1 Wall Street analysts, Cronos Group's projected average Quarter EPS for Dec 21 is $-0.13, with a low estimate of $-0.14 and a high estimate of $-0.13. This represents a -164.12% decrease compared to CRON previous annual EPS of $0.21 (Sep 21).
CRON Forecast FAQ
Is Cronos Group a good buy?
No, according to 4 Wall Street analysts, Cronos Group (CRON) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 25.00% of CRON's total ratings.
What is CRON's price target?
Cronos Group (CRON) average price target is $3.43 with a range of $2.3 to $4.5, implying a 57.34% from its last price of $2.18. The data is based on 4 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Cronos Group stock go up soon?
According to Wall Street analysts' prediction for CRON stock, the company can go up by 57.34% (from the last price of $2.18 to the average price target of $3.43), up by 106.42% based on the highest stock price target, and up by 5.50% based on the lowest stock price target.
Can Cronos Group stock reach $3?
CRON's average twelve months analyst stock price target of $3.43 supports the claim that Cronos Group can reach $3 in the near future.
What are Cronos Group's analysts' financial forecasts?
Cronos Group's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $112.23M (high $113M, low $111.46M), average EBITDA is $-101M (high $-91.857M, low $-111M), average net income is $-51.353M (high $-37.924M, low $-67.396M), average SG&A $235.07M (high $236.68M, low $233.45M), and average EPS is $-0.00686 (high $0.000183, low $-0.0207). CRON's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $140.96M (high $141.93M, low $139.99M), average EBITDA is $-89.339M (high $-88.725M, low $-89.953M), average net income is $-5.101M (high $-5.056M, low $-5.147M), average SG&A $295.23M (high $297.26M, low $293.2M), and average EPS is $-0.0133 (high $-0.0132, low $-0.0135).
Did the CRON's actual financial results beat the analysts' financial forecasts?
Based on Cronos Group's last annual report (Dec 2023), the company's revenue was $120.27M, beating the average analysts forecast of $92.13M by 30.55%. Apple's EBITDA was $-72.149M, missing the average prediction of $-84.17M by -14.28%. The company's net income was $-73.963M, missing the average estimation of $-106M by -30.30%. Apple's SG&A was $72.18M, missing the average forecast of $192.96M by -62.59%. Lastly, the company's EPS was $-0.19, missing the average prediction of $-0.204 by -6.83%. In terms of the last quarterly report (Dec 2023), Cronos Group's revenue was $47.19M, beating the average analysts' forecast of $25.73M by 83.41%. The company's EBITDA was $-63.801M, beating the average prediction of $-16.308M by 291.22%. Cronos Group's net income was $-44.702M, beating the average estimation of $-33.024M by 35.36%. The company's SG&A was $10.63M, missing the average forecast of $53.89M by -80.27%. Lastly, the company's EPS was $-0.11, beating the average prediction of $-0.0864 by 27.29%