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







Maximizing Profits: When is the Right Time to Sell Your Business?

April 23, 2024 Maximizing Profits: When is the Right Time to Sell Your Business?

Selling a business can be a momentous decision filled with many considerations and uncertainties. As an entrepreneur, this also symbolizes your years of…
Improve Your Financial Status: A How-To Guide

April 12, 2024 Improve Your Financial Status: A How-To Guide

Navigating through the complexities of personal finance can often feel like walking through a maze blindfolded. This guide is crafted especially for you,…
How ZIM Integrated Container Tracking is Revolutionizing Global Trade

April 12, 2024 How ZIM Integrated Container Tracking is Revolutionizing Global Trade

Have you ever wondered how your online shopping packages get to you? A big part of the answer is ZIM Integrated Container Tracking.…
6 Best Growth Stocks To Buy Now According to Metatrader 5

March 15, 2024 6 Best Growth Stocks To Buy Now According to Metatrader 5

One of the reasons investors prefer growth stocks is that they are expected to perform better than other companies in terms of sales…

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

Updated: June 26, 2024 (00:46)

Sector: Healthcare

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

Latest session on the 25th of June for
Canopy Growth Corp. is negative
Trading Volume: 3698289
Open: 6.88 /  High: 6.99 /  Low: 6.44
What analysts predict: $4.67
52-week High/Low: $19.2 / $2.755

50/200 Day Moving Average: $8.67 / $6.65

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

For Canopy Growth stocks, the 200-day moving average is the resistance 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.

Unlocking the Future of CGC Stocks: Key Factors to Watch

Trend: Neutral
Jun 17, 2024

In the dynamic world of stock investments, accurately forecasting the performance of companies like Canopy Growth (CGC) is crucial. As we navigate the complexities of the cannabis market, several pivotal events and factors loom on the horizon that could significantly influence CGC stock rates. First and foremost, the potential rescheduling of cannabis in the US stands as a game-changer. Such a move could significantly boost CGC stock prices by opening a vast new market for Canopy Growth. Analysts eyeing the CGC stock forecast are closely monitoring these developments, recognizing the impact of regulatory shifts on the cannabis industry's landscape.

Decoding the Signals: Making Accurate CGC Stock Predictions

Furthermore, Canopy Growth's financial performance and growth potential, particularly through international cannabis exports and strategic acquisitions in the US, are critical factors in shaping CGC stock forecasts. These elements are essential for analysts to consider when crafting a CGC stock price prediction. Additionally, the inherent volatility of investor sentiment around cannabis stocks calls for a nuanced approach to forecasting. Keeping a pulse on the market's fluctuations enables analysts to provide informed CGC stock buy or sell recommendations.

Lastly, Canopy Growth's activities within the Canadian and international cannabis markets offer subtle clues about its future performance. By understanding the nuances of these markets, analysts can refine their CGC stock price targets, providing valuable insights for those pondering whether CGC is a good stock to buy. As we consider these factors, the Canopy Growth stock forecast becomes clearer, offering investors guidance in a notoriously unpredictable sector.

  • US cannabis rescheduling potential
  • Financial performance and growth opportunities
  • Investor sentiment and market volatility
  • Performance in Canadian and international cannabis markets

By weaving these considerations into a coherent analysis, it's possible to navigate the speculative waters surrounding the cannabis industry and make educated predictions about the future of CGC stocks.

Review the original Analysis
About author

Forecasting the Fade or Fortune of Canopy Growth Stocks

Trend: Bearish
Jun 03, 2024

The recent discussions surrounding Canopy Growth Corporation (CGC) stock forecast have pivoted around its precarious situation. A trio of factors stand out for analysts trying to navigate the murky waters of CGC's stock price prediction. Weak financial results, a lack of positive operational turnaround, and a complex U.S. ownership structure emerge as significant indicators that could steer CGC stock rates in near future.

Navigating Canopy Growth's Financial Storm

At the heart of the matter is Canopy's inability to post strong financial scores. The company's exhibition of weak adjusted gross margins alongside hefty net losses rings alarm bells for those pondering over "CGC stock buy or sell?" This financial frailty, combined with the negative adjusted EBITDA, serves as a critical barometer for predicting downward pressure on its stock. Analysts eyeing the Canopy Growth stock forecast are leveraging these dismal financial figures to forecast future performances.

Meanwhile, Canopy's struggle to execute a positive operational turnaround and its complex investment structure, particularly in the U.S., layer additional uncertainty. Such a flimsy foundation in its core and international operations could further dampen investor enthusiasm, questioning if "is CGC a good stock to buy?"

For those crafting a CGC stock price target, weighing these elements is pivotal. While the financial health signals immediate red flags, the operational and structural complexities provide a long-term view of Canopy's challenges. Analysts integrate these in their toolkit to sculpt a more accurate CGC stock price prediction, guiding investors on the perennial discussion: buy or sell Canopy Growth stock.

As the landscape shifts, keeping a close watch on these factors will be crucial for anyone involved in forecasting or deciding on the fate of CGC stocks.

Review the original Analysis
About author

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
Review the original Analysis
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., %
Jun 27 6.68 6.58 6.78 2.92
Jun 28 6.72 6.59 6.85 3.85
Jun 29 6.70 6.66 6.79 1.96
Jun 30 6.80 6.65 6.87 3.34
Jul 01 6.83 6.75 6.99 3.49
Jul 02 6.74 6.69 6.87 2.72
Jul 03 6.65 6.56 6.71 2.34
Jul 04 6.55 6.41 6.70 4.54
Jul 05 6.66 6.60 6.80 3.00
Jul 06 6.72 6.63 6.77 2.22
Jul 07 6.78 6.74 6.92 2.75
Jul 08 6.79 6.63 6.85 3.32
Jul 09 6.83 6.72 6.97 3.66
Jul 10 6.89 6.79 6.97 2.65
Jul 11 6.92 6.80 7.05 3.57
Jul 12 6.97 6.85 7.12 4.00
Jul 13 6.98 6.82 7.10 3.99
Jul 14 7.12 6.97 7.28 4.44
Jul 15 7.16 7.09 7.24 2.18
Jul 16 7.10 7.02 7.16 2.03
Jul 17 7.00 6.83 7.12 4.18
Jul 18 6.96 6.84 7.02 2.66
Jul 19 7.10 7.02 7.25 3.34
Jul 20 7.04 6.91 7.16 3.58
Jul 21 6.97 6.80 7.05 3.60
Jul 22 7.14 7.05 7.22 2.40
Jul 23 7.15 7.10 7.31 2.96
Jul 24 7.06 6.95 7.12 2.53
Jul 25 6.89 6.76 6.98 3.27
Jul 26 6.74 6.66 6.79 1.88

Canopy Growth Daily Price Targets


Canopy Growth Stock Forecast 06-27-2024.

Forecast target price for 06-27-2024: $6.68.
Positive dynamics for Canopy Growth shares will prevail with possible volatility of 2.841%.
Pessimistic target level: 6.58
Optimistic target level: 6.78

Canopy Growth Stock Forecast 06-28-2024.

Forecast target price for 06-28-2024: $6.72.
Positive dynamics for Canopy Growth shares will prevail with possible volatility of 3.709%.
Pessimistic target level: 6.59
Optimistic target level: 6.85

Canopy Growth Stock Forecast 06-29-2024.

Forecast target price for 06-29-2024: $6.70.
Negative dynamics for Canopy Growth shares will prevail with possible volatility of 1.924%.
Pessimistic target level: 6.66
Optimistic target level: 6.79

Canopy Growth Stock Forecast 06-30-2024.

Forecast target price for 06-30-2024: $6.80.
Positive dynamics for Canopy Growth shares will prevail with possible volatility of 3.236%.
Pessimistic target level: 6.65
Optimistic target level: 6.87

Canopy Growth Stock Forecast 07-01-2024.

Forecast target price for 07-01-2024: $6.83.
Positive dynamics for Canopy Growth shares will prevail with possible volatility of 3.372%.
Pessimistic target level: 6.75
Optimistic target level: 6.99

Canopy Growth Stock Forecast 07-02-2024.

Forecast target price for 07-02-2024: $6.74.
Negative dynamics for Canopy Growth shares will prevail with possible volatility of 2.647%.
Pessimistic target level: 6.69
Optimistic target level: 6.87

CGC (CGC) Monthly Stock Prediction for 2024

Month Target Pes. Opt. Vol., %
Jul. 7.08 6.59 7.89 16.54
Aug. 6.70 6.13 7.22 15.05
Sep. 6.54 6.26 6.98 10.27
Oct. 6.93 6.28 7.27 13.58
Nov. 7.24 6.78 8.02 15.43
Dec. 8.18 7.65 8.58 10.73

Canopy Growth forecast for this year


Canopy Growth Stock Prediction for Jul 2024

An uptrend is forecast for this month with an optimal target price of $7.07605. Pessimistic: $6.59. Optimistic: $7.89


Canopy Growth Stock Prediction for Aug 2024

An downtrend is forecast for this month with an optimal target price of $6.70456. Pessimistic: $6.13. Optimistic: $7.22


Canopy Growth Stock Prediction for Sep 2024

An downtrend is forecast for this month with an optimal target price of $6.54365. Pessimistic: $6.26. Optimistic: $6.98


Canopy Growth Stock Prediction for Oct 2024

An uptrend is forecast for this month with an optimal target price of $6.92645. Pessimistic: $6.28. Optimistic: $7.27


Canopy Growth Stock Prediction for Nov 2024

An uptrend is forecast for this month with an optimal target price of $7.23814. Pessimistic: $6.78. Optimistic: $8.02


Canopy Growth Stock Prediction for Dec 2024

An uptrend is forecast for this month with an optimal target price of $8.18272. Pessimistic: $7.65. Optimistic: $8.58



Canopy Growth (CGC) Monthly Stock Prediction for 2025

Month Target Pes. Opt. Vol., %
Jan 8.93 8.18 9.45 13.46
Feb 8.72 8.19 9.10 9.92
Mar 9.12 8.30 9.77 14.99
Apr 10.40 9.74 11.02 11.60
May 11.16 9.84 11.64 15.53
Jun 11.44 10.89 11.91 8.51
Jul 10.76 10.05 11.42 12.01
Aug 11.03 9.99 11.43 12.60
Sep 12.22 10.76 13.03 17.45
Oct 12.72 11.65 13.25 12.09
Nov 12.68 11.58 13.63 15.07
Dec 11.75 10.87 12.36 12.11

Canopy Growth (CGC) Monthly Stock Prediction for 2026

Month Target Pes. Opt. Vol., %
Jan 10.92 9.72 11.85 17.96
Feb 11.44 10.77 11.98 10.03
Mar 10.16 9.79 10.61 7.75
Apr 10.31 9.77 11.16 12.47
May 11.00 10.44 11.78 11.35
Jun 11.96 11.37 13.40 15.13
Jul 12.86 11.41 13.42 14.95
Aug 14.11 13.12 15.00 12.56
Sep 13.24 12.05 14.02 14.03
Oct 14.20 13.67 15.22 10.21
Nov 14.79 14.33 15.30 6.38
Dec 14.13 12.79 15.76 18.83

Canopy Growth (CGC) Monthly Stock Prediction for 2027

Month Target Pes. Opt. Vol., %
Jan 13.94 13.16 14.92 11.77
Feb 14.48 13.07 15.24 14.25
Mar 13.63 12.00 14.15 15.18
Apr 14.66 13.98 15.58 10.30
May 15.47 14.03 16.26 13.70
Jun 17.79 16.11 19.39 16.93
Jul 16.59 15.92 17.83 10.74
Aug 18.85 16.99 19.65 13.53
Sep 20.52 18.43 22.49 18.07
Oct 19.26 17.18 21.05 18.39
Nov 16.52 14.93 17.51 14.72
Dec 15.48 14.41 17.29 16.65

Canopy Growth (CGC) Monthly Stock Prediction for 2028

Month Target Pes. Opt. Vol., %
Jan 15.13 14.36 16.40 12.45
Feb 16.38 15.76 18.27 13.72
Mar 15.81 14.48 16.55 12.47
Apr 15.60 14.97 16.81 10.99
May 16.81 15.81 17.39 9.13
Jun 18.60 16.71 20.64 19.06
Jul 20.95 19.66 21.58 8.88
Aug 23.81 22.24 24.81 10.36
Sep 26.70 24.94 29.50 15.48
Oct 25.46 23.40 27.90 16.15
Nov 24.54 21.60 27.01 20.04
Dec 21.82 20.35 23.29 12.65

Canopy Growth information and performance

Canopy Growth Address

1 HERSHEY DRIVE, SMITH FALLS, ON, CA

Market Capitalization: 702 488 000 $

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: -75 770 000 $

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: -4.72

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: 0.067
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: 76198000

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



Related stocks from Healthcare sector


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.