Canopy Growth - CGC Stock Forecast, Price & News

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canopy Growth in the last year. There are currently 9 sell ratings, 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CGC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CGC, but not buy additional shares or sell existing shares.
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17 brokerages have issued 1-year price targets for Canopy Growth's stock. Their CGC share price forecasts range from $2.33 to $21.60. On average, they expect the company's share price to reach $8.51 in the next year. This suggests a possible upside of 150.3% from the stock's current price.
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Canopy Growth's stock was trading at $8.73 on January 1st, 2022. Since then, CGC shares have decreased by 61.1% and is now trading at $3.40.
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The company is scheduled to release its next quarterly earnings announcement on Friday, November 4th 2022.
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Canopy Growth Co. (NASDAQ:CGC) announced its earnings results on Friday, August, 5th. The company reported ($5.23) EPS for the quarter, missing the consensus estimate of ($0.28) by $4.95. The business earned $122.90 million during the quarter, compared to analyst estimates of $113.45 million. Canopy Growth had a negative net margin of 558.27% and a negative trailing twelve-month return on equity of 25.21%. The company's revenue was down 9.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.13) EPS.

Canopy Growth trades on the NASDAQ under the ticker symbol "CGC."

Canopy Growth's stock is owned by many different institutional and retail investors. Top institutional investors include Pura Vida Investments LLC (0.00%), Citadel Advisors LLC (0.00%), Mirae Asset Global Investments Co. Ltd. (0.18%), Goldman Sachs Group Inc. (0.00%), TD Asset Management Inc. (0.14%) and AdvisorShares Investments LLC (0.13%). Insiders that own company stock include Judy Eun Joo Hong, Phillip Stephen Shaer, Rade Nikola Kovacevic, Thomas Carlton Stewart and Tomas Iv Shipley.
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Shares of CGC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CGC stock can currently be purchased for approximately $3.40.

Canopy Growth (NASDAQ:CGC) has a market capitalization of $1.63 billion and generates $415.09 million in revenue each year. The company earns $-241,080,000.00 in net income (profit) each year or ($5.49) on an earnings per share basis.

The company employs 3,151 workers across the globe.

Canopy Growth's mailing address is 1 HERSHEY DRIVE, SMITH FALLS A6, K7A0A8. The official website for the company is www.canopygrowth.com. The company can be reached via phone at (855) 558-9333 or via email at invest@canopygrowth.com.