Canopy Growth (CGC) Stock Forecast for 2024–2028. Sell or Buy Prediction







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Canopy Growth (CGC) Stock Forecast for 2024–2028. Sell or Buy?

Updated: May 5, 2024 (09:16)

Sector: Healthcare

The share price of Canopy Growth Corp. (CGC) now

Latest session on the 3rd of May for
Canopy Growth Corp. is negative
Trading Volume: 15724844
Open: 10.54 /  High: 11.27 /  Low: 10.02
What analysts predict: $4.37
52-week High/Low: $19.2 / $2.755

50/200 Day Moving Average: $6.49 / $5.93

This figure corresponds to the Average Price over the previous 50/200 days. For Canopy Growth stocks, the 50-day moving average is the support level today.

For Canopy Growth stocks, the 200-day moving average is the support level today.

Are you interested in Canopy Growth Corp. stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the Canopy Growth stock price in 2024, 2025, 2026, 2027, 2028. How much will one Canopy Growth share be worth in 2024 - 2028?

When should I take profit in Canopy Growth stock? When should I record a loss on Canopy Growth stock? What are analysts' forecasts for Canopy Growth stock? What is the future of Canopy Growth stock? We forecast Canopy Growth stock performance using neural networks based on historical data on Canopy Growth stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account.

Canopy Growth stock prediction results are shown below and presented in the form of graphs, tables and text information, divided into time intervals. (Next month, 2024, 2025, 2026, 2027 and 2028) The final quotes of the instrument at the close of the previous trading day are a signal to adjust the forecasts for Canopy Growth shares. This happens once a day.


Historical and forecast chart of Canopy Growth stock

The chart below shows the historical price of Canopy Growth stock and a prediction chart for the next month. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the Canopy Growth stock price can be found in the table below.

Long-term forecasts by years.

Canopy Growth Stocks: Navigating Through Stormy Financial and Regulatory Seas

Trend: Bearish
May 01, 2024

As investors and analysts scour the horizon for the next big movement in Canopy Growth Corporation (CGC) stock prices, several key factors loom large, threatening to sway the stocks' trajectory in the near future. Debt and financial challenges, coupled with market pressures, stand at the forefront of concerns for CGC, a leader in the cannabis industry. These issues present a very real risk of a downshift in the company's stock value. However, the potential regulatory developments, including a much-anticipated reclassification of marijuana by the US DEA, could serve as a beacon of hope for the company and the industry at large.

Forecasting the Highs and Lows of CGC Stocks

To make the most accurate predictions regarding the future of CGC stock prices, analysts must weigh these factors carefully. The CGC stock forecast hinges significantly on how effectively the company tackles its debt and navigates the financial challenges it faces. Furthermore, understanding the dynamics of market pressures and the slow adoption rate of cannabis products is crucial. While the possible classification of marijuana as a Schedule III drug holds potential to uplift the industry, analysts contemplating whether CGC is a good stock to buy or sell must consider if regulatory changes alone can reverse the company's fortunes.

By integrating these insights, those looking to buy or sell Canopy Growth stock are better equipped to forecast. Whether it's setting a CGC stock price target or deciding on a CGC stock buy or sell strategy, the interplay of these factors will be decisive. Ultimately, the ability to judiciously analyze these elements will distinguish the most accurate and beneficial CGC stock price predictions from mere speculation.

  • Debt and Financial Challenges
  • Market Pressures
  • Regulatory Developments
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Unlocking CGC's Potential: A Dive into Upcoming Stock Catalysts

Trend: Neutral
Apr 26, 2024

As we glance into the horizon of the cannabis industry, certain pivotal events stand out, promising to shape the trajectory of Canopy Growth Corporation (CGC) stock rates significantly. At the heart of these changes is CGC's strategic maneuver to penetrate the burgeoning U.S. THC cannabis market. This bold step, backed by shareholder assent, unfurls a vast landscape of growth opportunities that analysts are watching closely. CGC's endeavor to right-size itself, slashing operational costs while enhancing financial health, displays a commendable financial recovery shown in its Q3-2024 earnings report. Such developments paint a promising picture for financial analysts striving for the most accurate CGC stock predictions.

Strategizing Investment: Analyzing Key Drivers

Analyzing these transformative strides requires an intricate understanding of the variables at play. The cannabis sector's rally, fueled by legislative optimism and potential rescheduling endeavors, particularly with movements like the SAFER Banking Act, significantly influences market sentiment. For those pondering whether CGC is a good stock to buy or sell, these indicators provide a rich tapestry of data. Financial performance markers, including margin enhancements and sales trajectories, are vital. Yet, with the anticipation of earnings dips in the near quarters, the landscape necessitates a nuanced analysis for a solid CGC stock forecast or establishing a CGC stock price target.

Through the lens of an adept analyst, these elements—CGC's market entry, financial restructuring, and the broader legislative landscape—combine to form a comprehensive toolkit. This arsenal is essential not just for forecasting the Canopy Growth stock forecast but for navigating the ebbs and flows of a rapidly evolving sector. Whether it's about issuing a CGC stock buy or sell recommendation, or engaging in a nuanced CGC stock price prediction, the fusion of these factors ensures a grounded and foresighted investment strategy.

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Unveiling the Future: Navigating CGC's Stock Price Voyage

Trend: Bearish
Mar 22, 2024

If you're wondering whether CGC is a good stock to buy, forecasting its future demands a closer look at pivotal events and factors looming on the horizon. Analysts dissect these elements to sculpt the most accurate CGC stock price prediction, a task requiring both insight and caution. Among the influences shaping CGC's stock journey, operational and financial challenges, upcoming regulatory changes, and intricate valuation metrics are pivotal.

Decoding the Influential Trio

CGC's journey has been turbulent, marred by operational hurdles and a grim financial outlook. The struggle to generate positive cash flow and the shadow of declining sales growth paint a bleak picture, raising the red flag for anyone pondering, "Is CGC a good stock to buy?" These factors make the backbone of a CGC stock forecast, stressing caution among potential investors. On the brighter side, potential regulatory shifts in the U.S., like cannabis rescheduling or legalization, could offer a silver lining. Yet, CGC's readiness to capitalize on such opportunities remains questionable, turning a seemingly positive catalyst into a double-edged sword.

Furthermore, weighing heavily on the CGC stock price prediction is the company's valuation. Despite an appealing price-to-book ratio (P/B) and enterprise value to revenue (EV/R), the market's dwindling confidence reflects a stark reality. Can CGC pivot in time to avert its looming cash crisis? The answers to these questions are crucial for anyone assessing CGC stock buy or sell options and sculpting a Canopy Growth stock forecast. To leverage these insights, analysts blend data scrutiny with market trends, crafting predictions that resonate with both caution and opportunity.

Understanding these dynamics, from regulatory landscapes to financial health, can illuminate the path for those stuck on "CGC stock buy or sell?" decisions. Whether you're eyeing a Canopy Growth stock forecast or mulling over CGC stock price targets, the road ahead is both challenging and charged with potential.

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About author

The Canopy Growth Corporation, together with its subsidiaries, manufactures, distributes and markets cannabis for recreational and medical purposes, primarily in Canada, the United States, Germany and the United Kingdom. It operates in two segments: cannabis, hemp and other consumer products; and hinged rivers. The company’s products include dried cannabis flowers, oils and concentrates, and soft capsules. It offers its products under Tweed, Quatreau, Deep Space, Healing Spectrum, First and Free, Taiwan Dollar, It Works, BioSteel, CraftGrow DNA Genetics, Tokyo Smoke, Changed, Delicious Parcels, Van der Pop, and Beans and Bud brands. The company also provides growth capital and a strategic support platform that pursues investment opportunities in the global cannabis sector. Canopy Growth Corporation has a clinical research partnership with NEEKA Health Canada and the NHL Alumni Association to study the efficacy of CBD-based therapy in alleviating persistent post-exposure symptoms. As of February 14, 2020, she operated 28 cannabis retail stores called Tweed or Tokyo Smoke. The company was formerly known as Tweed Marijuana Inc. and changed its name to Canopy Growth Corporation in September 2015. Canopy Growth Corporation is headquartered in Smits Falls, Canada.

Canopy Growth daily forecast for a month

Date Target Pes. Opt. Vol., %
May 07 10.05 9.97 10.18 2.08
May 08 9.95 9.75 10.13 3.92
May 09 10.07 9.96 10.29 3.31
May 10 10.21 10.01 10.28 2.66
May 11 10.47 10.25 10.71 4.57
May 12 10.42 10.35 10.54 1.81
May 13 10.41 10.34 10.52 1.78
May 14 10.34 10.22 10.40 1.73
May 15 10.08 9.91 10.27 3.66
May 16 9.99 9.80 10.05 2.51
May 17 10.09 10.03 10.19 1.57
May 18 10.30 10.10 10.37 2.60
May 19 10.49 10.27 10.73 4.41
May 20 10.41 10.33 10.65 3.05
May 21 10.72 10.65 10.84 1.81
May 22 10.74 10.58 10.87 2.77
May 23 10.59 10.43 10.84 3.93
May 24 10.68 10.56 10.85 2.73
May 25 10.65 10.58 10.79 1.96
May 26 10.46 10.37 10.58 1.94
May 27 10.46 10.27 10.65 3.73
May 28 10.36 10.21 10.45 2.34
May 29 10.40 10.28 10.49 1.97
May 30 10.62 10.53 10.78 2.42
May 31 10.76 10.51 10.94 4.12
Jun 01 10.73 10.60 10.98 3.55
Jun 02 10.45 10.36 10.51 1.42
Jun 03 10.48 10.23 10.67 4.24
Jun 04 10.37 10.22 10.44 2.07
Jun 05 10.18 10.10 10.37 2.66

Canopy Growth Daily Price Targets


Canopy Growth Stock Forecast 05-07-2024.

Forecast target price for 05-07-2024: $10.05.
Negative dynamics for Canopy Growth shares will prevail with possible volatility of 2.042%.
Pessimistic target level: 9.97
Optimistic target level: 10.18

Canopy Growth Stock Forecast 05-08-2024.

Forecast target price for 05-08-2024: $9.95.
Negative dynamics for Canopy Growth shares will prevail with possible volatility of 3.770%.
Pessimistic target level: 9.75
Optimistic target level: 10.13

Canopy Growth Stock Forecast 05-09-2024.

Forecast target price for 05-09-2024: $10.07.
Positive dynamics for Canopy Growth shares will prevail with possible volatility of 3.201%.
Pessimistic target level: 9.96
Optimistic target level: 10.29

Canopy Growth Stock Forecast 05-10-2024.

Forecast target price for 05-10-2024: $10.21.
Positive dynamics for Canopy Growth shares will prevail with possible volatility of 2.592%.
Pessimistic target level: 10.01
Optimistic target level: 10.28

Canopy Growth Stock Forecast 05-11-2024.

Forecast target price for 05-11-2024: $10.47.
Positive dynamics for Canopy Growth shares will prevail with possible volatility of 4.367%.
Pessimistic target level: 10.25
Optimistic target level: 10.71

Canopy Growth Stock Forecast 05-12-2024.

Forecast target price for 05-12-2024: $10.42.
Negative dynamics for Canopy Growth shares will prevail with possible volatility of 1.781%.
Pessimistic target level: 10.35
Optimistic target level: 10.54

CGC (CGC) Monthly Stock Prediction for 2024

Month Target Pes. Opt. Vol., %
Jun. 9.74 8.77 10.54 16.77
Jul. 9.02 8.29 9.29 10.78
Aug. 9.47 8.71 10.09 13.65
Sep. 9.31 8.92 10.43 14.46
Oct. 9.52 9.12 10.46 12.83
Nov. 9.45 8.58 10.03 14.41
Dec. 8.95 8.21 9.70 15.36

Canopy Growth forecast for this year


Canopy Growth Stock Prediction for Jun 2024

An downtrend is forecast for this month with an optimal target price of $9.73511. Pessimistic: $8.77. Optimistic: $10.54


Canopy Growth Stock Prediction for Jul 2024

An downtrend is forecast for this month with an optimal target price of $9.01958. Pessimistic: $8.29. Optimistic: $9.29


Canopy Growth Stock Prediction for Aug 2024

An uptrend is forecast for this month with an optimal target price of $9.46605. Pessimistic: $8.71. Optimistic: $10.09


Canopy Growth Stock Prediction for Sep 2024

An downtrend is forecast for this month with an optimal target price of $9.30986. Pessimistic: $8.92. Optimistic: $10.43


Canopy Growth Stock Prediction for Oct 2024

An uptrend is forecast for this month with an optimal target price of $9.51933. Pessimistic: $9.12. Optimistic: $10.46


Canopy Growth Stock Prediction for Nov 2024

An downtrend is forecast for this month with an optimal target price of $9.44794. Pessimistic: $8.58. Optimistic: $10.03


Canopy Growth Stock Prediction for Dec 2024

An downtrend is forecast for this month with an optimal target price of $8.95192. Pessimistic: $8.21. Optimistic: $9.70



Canopy Growth (CGC) Monthly Stock Prediction for 2025

Month Target Pes. Opt. Vol., %
Jan 9.21 8.34 9.61 13.22
Feb 9.18 8.17 9.98 18.08
Mar 9.74 9.20 10.85 15.22
Apr 10.04 9.72 10.88 10.65
May 10.32 9.95 11.36 12.40
Jun 11.79 11.42 13.12 12.94
Jul 13.37 12.93 14.23 9.16
Aug 14.99 13.26 16.18 18.06
Sep 15.49 14.14 16.00 11.62
Oct 17.18 15.95 19.22 17.03
Nov 19.12 18.00 21.35 15.71
Dec 19.43 18.47 21.09 12.44

Canopy Growth (CGC) Monthly Stock Prediction for 2026

Month Target Pes. Opt. Vol., %
Jan 16.69 15.76 18.14 13.11
Feb 14.59 13.49 15.29 11.74
Mar 15.33 14.09 16.94 16.83
Apr 14.55 14.03 16.03 12.52
May 15.62 14.61 16.09 9.17
Jun 17.82 16.83 18.54 9.23
Jul 19.99 18.37 20.68 11.16
Aug 19.18 17.16 20.53 16.39
Sep 18.40 17.71 19.39 8.68
Oct 19.39 18.41 20.12 8.53
Nov 18.99 17.93 19.96 10.13
Dec 17.68 16.14 19.00 15.07

Canopy Growth (CGC) Monthly Stock Prediction for 2027

Month Target Pes. Opt. Vol., %
Jan 18.39 17.15 19.33 11.27
Feb 17.54 16.72 19.54 14.41
Mar 18.38 17.80 20.42 12.83
Apr 17.97 17.29 19.93 13.25
May 17.56 15.85 18.93 16.28
Jun 19.64 17.52 21.50 18.50
Jul 22.03 19.88 23.22 14.37
Aug 21.27 19.96 23.82 16.21
Sep 19.51 17.79 21.86 18.62
Oct 19.43 17.27 20.36 15.17
Nov 19.89 19.21 21.71 11.54
Dec 20.19 19.34 21.71 10.88

Canopy Growth (CGC) Monthly Stock Prediction for 2028

Month Target Pes. Opt. Vol., %
Jan 18.68 17.11 19.55 12.47
Feb 19.88 18.27 20.87 12.43
Mar 22.30 20.89 23.23 10.08
Apr 24.07 23.10 26.71 13.52
May 25.12 23.16 28.13 17.68
Jun 23.76 22.01 24.65 10.70
Jul 22.69 21.94 25.38 13.54
Aug 24.53 23.28 27.18 14.35
Sep 24.64 22.16 26.16 15.26
Oct 23.53 22.19 25.61 13.37
Nov 24.41 21.59 27.12 20.39
Dec 25.70 23.92 28.01 14.59

Canopy Growth information and performance

Canopy Growth Address

1 HERSHEY DRIVE, SMITH FALLS, ON, CA

Market Capitalization: 942 125 000 $

Market capitalization of the Canopy Growth Corp. is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of CGC shares in the company outstanding by the market price of one share.

EBITDA: -245 696 000 $

EBITDA of Canopy Growth is earnings before interest, income tax and depreciation of assets.

PE Ratio: None

P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit

PEG Ratio: None

Price/earnings to growth

DPS: None

Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.

DY: None

Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.

EPS: -15.46

EPS shows how much of the net profit is accounted for by the common share.

Quarterly Earnings Growth YOY: N/A
Quarterly Revenue Growth YOY: -0.075
Trailing PE: -

Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.

Forward PE: -

Forward P/E uses projections of future earnings instead of final numbers.

EV To Revenue: 2.989

Enterprise Value (EV) /Revenue

EV To EBITDA: -1.059

The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).

Shares Outstanding: 91115000

Number of issued ordinary shares

Shares Float: N/A

Number of freely tradable shares

Shares Short Prior Month: N/A

Shares Short Prior Month - the number of shares in short positions in the last month.

Short Ratio: N/A
Percent Insiders: N/A
Percent Institutions: N/A



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Disclaimer:

All forecast data on the site are provided for informational purposes of using neural forecasting tools in the financial market and are not a call to action and, moreover, are not trading signals. When using the forecast data, the investor assumes all financial risks. The pandaforecast.com portal is not responsible for the loss of your money in the stock market as a result of using the information contained on the site.