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Canopy Growth (CGC) Stock Forecast for 2024–2028. Sell or Buy?
Updated: March 29, 2024 (11:30)
Sector: HealthcareThe share price of Canopy Growth Corp. (CGC) now
50/200 Day Moving Average: $3.968 / $5.46
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.
Unveiling the Future: Navigating CGC's Stock Price Voyage
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.
Review the original AnalysisThe 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., % |
---|---|---|---|---|
Mar 31 | 8.60 | 8.46 | 8.76 | 3.50 |
Apr 01 | 8.73 | 8.67 | 8.83 | 1.84 |
Apr 02 | 8.54 | 8.40 | 8.66 | 3.11 |
Apr 03 | 8.66 | 8.55 | 8.85 | 3.50 |
Apr 04 | 8.76 | 8.62 | 8.92 | 3.48 |
Apr 05 | 8.99 | 8.88 | 9.13 | 2.89 |
Apr 06 | 8.94 | 8.80 | 9.12 | 3.60 |
Apr 07 | 8.99 | 8.85 | 9.21 | 4.09 |
Apr 08 | 9.18 | 8.98 | 9.38 | 4.48 |
Apr 09 | 9.08 | 8.87 | 9.30 | 4.82 |
Apr 10 | 9.09 | 8.94 | 9.18 | 2.65 |
Apr 11 | 8.98 | 8.80 | 9.10 | 3.30 |
Apr 12 | 8.91 | 8.82 | 9.03 | 2.33 |
Apr 13 | 8.94 | 8.87 | 9.15 | 3.14 |
Apr 14 | 9.07 | 8.86 | 9.13 | 3.01 |
Apr 15 | 9.05 | 8.88 | 9.21 | 3.73 |
Apr 16 | 9.02 | 8.85 | 9.19 | 3.89 |
Apr 17 | 9.22 | 9.06 | 9.32 | 2.84 |
Apr 18 | 9.02 | 8.81 | 9.19 | 4.30 |
Apr 19 | 8.94 | 8.86 | 9.05 | 2.15 |
Apr 20 | 9.00 | 8.82 | 9.16 | 3.85 |
Apr 21 | 8.87 | 8.77 | 8.94 | 1.97 |
Apr 22 | 9.04 | 8.85 | 9.14 | 3.25 |
Apr 23 | 8.91 | 8.86 | 9.07 | 2.44 |
Apr 24 | 9.02 | 8.80 | 9.09 | 3.35 |
Apr 25 | 9.04 | 8.85 | 9.20 | 4.02 |
Apr 26 | 8.81 | 8.69 | 8.99 | 3.53 |
Apr 27 | 8.75 | 8.55 | 8.90 | 4.11 |
Apr 28 | 8.51 | 8.37 | 8.58 | 2.56 |
Apr 29 | 8.37 | 8.25 | 8.53 | 3.44 |
Canopy Growth Daily Price Targets
Canopy Growth Stock Forecast 03-31-2024.
Forecast target price for 03-31-2024: $8.60.
Negative dynamics for Canopy Growth shares will prevail with possible volatility of 3.386%.
Pessimistic target level: 8.46
Optimistic target level: 8.76
Canopy Growth Stock Forecast 04-01-2024.
Forecast target price for 04-01-2024: $8.73.
Positive dynamics for Canopy Growth shares will prevail with possible volatility of 1.808%.
Pessimistic target level: 8.67
Optimistic target level: 8.83
Canopy Growth Stock Forecast 04-02-2024.
Forecast target price for 04-02-2024: $8.54.
Negative dynamics for Canopy Growth shares will prevail with possible volatility of 3.018%.
Pessimistic target level: 8.40
Optimistic target level: 8.66
Canopy Growth Stock Forecast 04-03-2024.
Forecast target price for 04-03-2024: $8.66.
Positive dynamics for Canopy Growth shares will prevail with possible volatility of 3.377%.
Pessimistic target level: 8.55
Optimistic target level: 8.85
Canopy Growth Stock Forecast 04-04-2024.
Forecast target price for 04-04-2024: $8.76.
Positive dynamics for Canopy Growth shares will prevail with possible volatility of 3.360%.
Pessimistic target level: 8.62
Optimistic target level: 8.92
Canopy Growth Stock Forecast 04-05-2024.
Forecast target price for 04-05-2024: $8.99.
Positive dynamics for Canopy Growth shares will prevail with possible volatility of 2.806%.
Pessimistic target level: 8.88
Optimistic target level: 9.13
CGC (CGC) Monthly Stock Prediction for 2024
Month | Target | Pes. | Opt. | Vol., % |
---|---|---|---|---|
Apr. | 8.13 | 7.49 | 8.85 | 15.30 |
May. | 7.71 | 6.79 | 8.05 | 15.67 |
Jun. | 7.83 | 7.37 | 8.57 | 13.98 |
Jul. | 7.11 | 6.77 | 7.54 | 10.19 |
Aug. | 6.68 | 6.41 | 7.11 | 9.86 |
Sep. | 7.35 | 6.60 | 8.16 | 19.17 |
Oct. | 7.50 | 6.68 | 8.31 | 19.63 |
Nov. | 8.00 | 7.26 | 8.58 | 15.37 |
Dec. | 7.78 | 6.89 | 8.48 | 18.72 |
Canopy Growth forecast for this year
Canopy Growth Stock Prediction for Apr 2024
An downtrend is forecast for this month with an optimal target price of $8.12833. Pessimistic: $7.49. Optimistic: $8.85
Canopy Growth Stock Prediction for May 2024
An downtrend is forecast for this month with an optimal target price of $7.71379. Pessimistic: $6.79. Optimistic: $8.05
Canopy Growth Stock Prediction for Jun 2024
An uptrend is forecast for this month with an optimal target price of $7.82949. Pessimistic: $7.37. Optimistic: $8.57
Canopy Growth Stock Prediction for Jul 2024
An downtrend is forecast for this month with an optimal target price of $7.11309. Pessimistic: $6.77. Optimistic: $7.54
Canopy Growth Stock Prediction for Aug 2024
An downtrend is forecast for this month with an optimal target price of $6.67564. Pessimistic: $6.41. Optimistic: $7.11
Canopy Growth Stock Prediction for Sep 2024
An uptrend is forecast for this month with an optimal target price of $7.34654. Pessimistic: $6.60. Optimistic: $8.16
Canopy Growth Stock Prediction for Oct 2024
An uptrend is forecast for this month with an optimal target price of $7.50082. Pessimistic: $6.68. Optimistic: $8.31
Canopy Growth Stock Prediction for Nov 2024
An uptrend is forecast for this month with an optimal target price of $7.99587. Pessimistic: $7.26. Optimistic: $8.58
Canopy Growth Stock Prediction for Dec 2024
An downtrend is forecast for this month with an optimal target price of $7.77998. Pessimistic: $6.89. Optimistic: $8.48
Canopy Growth (CGC) Monthly Stock Prediction for 2025
Month | Target | Pes. | Opt. | Vol., % |
---|---|---|---|---|
Jan | 7.39 | 6.77 | 7.85 | 13.71 |
Feb | 7.84 | 7.46 | 8.40 | 11.19 |
Mar | 8.09 | 7.24 | 8.44 | 14.23 |
Apr | 8.09 | 7.15 | 8.56 | 16.44 |
May | 8.92 | 7.95 | 9.63 | 17.51 |
Jun | 10.10 | 9.69 | 10.72 | 9.61 |
Jul | 9.55 | 9.25 | 10.11 | 8.50 |
Aug | 9.55 | 9.10 | 9.91 | 8.24 |
Sep | 9.00 | 8.67 | 9.79 | 11.44 |
Oct | 10.32 | 9.87 | 10.89 | 9.38 |
Nov | 9.34 | 8.56 | 10.32 | 17.10 |
Dec | 8.77 | 8.03 | 9.31 | 13.71 |
Canopy Growth (CGC) Monthly Stock Prediction for 2026
Month | Target | Pes. | Opt. | Vol., % |
---|---|---|---|---|
Jan | 8.60 | 7.57 | 8.92 | 15.18 |
Feb | 7.46 | 6.72 | 8.19 | 17.90 |
Mar | 7.19 | 6.70 | 7.83 | 14.47 |
Apr | 7.02 | 6.35 | 7.63 | 16.84 |
May | 7.22 | 6.95 | 7.81 | 10.96 |
Jun | 7.13 | 6.54 | 7.67 | 14.79 |
Jul | 7.57 | 7.27 | 7.90 | 8.05 |
Aug | 6.62 | 5.90 | 6.95 | 15.01 |
Sep | 7.04 | 6.48 | 7.59 | 14.61 |
Oct | 7.23 | 6.63 | 8.00 | 17.08 |
Nov | 7.22 | 6.77 | 7.61 | 10.96 |
Dec | 7.62 | 6.77 | 8.08 | 16.25 |
Canopy Growth (CGC) Monthly Stock Prediction for 2027
Month | Target | Pes. | Opt. | Vol., % |
---|---|---|---|---|
Jan | 8.72 | 7.72 | 9.77 | 21.03 |
Feb | 9.14 | 8.47 | 9.62 | 11.97 |
Mar | 8.51 | 7.57 | 9.37 | 19.22 |
Apr | 8.24 | 7.42 | 8.71 | 14.90 |
May | 8.00 | 7.12 | 8.34 | 14.66 |
Jun | 8.13 | 7.37 | 8.71 | 15.39 |
Jul | 7.43 | 6.94 | 7.80 | 11.01 |
Aug | 7.92 | 7.53 | 8.24 | 8.65 |
Sep | 7.45 | 6.60 | 8.11 | 18.60 |
Oct | 7.96 | 7.05 | 8.44 | 16.42 |
Nov | 8.81 | 8.51 | 9.42 | 9.68 |
Dec | 8.61 | 8.22 | 9.14 | 10.03 |
Canopy Growth (CGC) Monthly Stock Prediction for 2028
Month | Target | Pes. | Opt. | Vol., % |
---|---|---|---|---|
Jan | 9.40 | 8.94 | 9.96 | 10.33 |
Feb | 9.96 | 8.99 | 11.15 | 19.31 |
Mar | 10.26 | 9.63 | 11.36 | 15.18 |
Apr | 11.49 | 10.13 | 12.51 | 19.02 |
May | 13.05 | 11.50 | 14.38 | 20.01 |
Jun | 12.11 | 11.51 | 13.12 | 12.32 |
Jul | 10.82 | 10.01 | 11.66 | 14.19 |
Aug | 10.51 | 9.99 | 11.57 | 13.63 |
Sep | 11.05 | 10.42 | 11.71 | 11.04 |
Oct | 11.53 | 11.06 | 12.87 | 14.10 |
Nov | 10.96 | 9.81 | 11.43 | 14.23 |
Dec | 11.81 | 11.23 | 13.00 | 13.63 |
Canopy Growth information and performance
1 HERSHEY DRIVE, SMITH FALLS, ON, CA
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 of Canopy Growth is earnings before interest, income tax and depreciation of assets.
P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit
Price/earnings to growth
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.
Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.
EPS shows how much of the net profit is accounted for by the common share.
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 P/E uses projections of future earnings instead of final numbers.
Enterprise Value (EV) /Revenue
The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).
Number of issued ordinary shares
Number of freely tradable shares
Shares Short Prior Month - the number of shares in short positions in the last month.
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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.