Canopy Growth (CGC) stock forecast for 2023. Forecast tables and graphs.

Canopy Growth (CGC) stock forecast for 2023

Last update: November 27, 2022 (11:30)

Sector: Healthcare

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

What analysts predict: $5.33

52-week high/low: $11.8 / $2.13

50/200 Day Moving Average: $3.116 / $4.519

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 resistance level today.

Are you interested in Canopy Growth 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 2023. How much will one Canopy Growth share be worth in 2023?

Is it worth taking profit / loss on Canopy Growth stock now or waiting? What are analysts' forecasts for 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.

The Canopy Growth stock prediction results are shown below and presented as a graph, table and text information.

Canopy Growth stock forecasts are adjusted once a day based on the closing price of the previous trading day.

The minimum target price for Canopy Growth analysts is $5.33.

Today 200 Day Moving Average is the resistance level (4.519 $).

50 Day Moving Average is the support level (3.116 $).





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 year. 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.

Canopy Growth (CGC) Forecast for 2023

Month Target Pes. Opt. Vol., %
Jan 3.68 3.57 4.00 10.78 %
Feb 3.86 3.45 4.00 13.73 %
Mar 4.09 3.80 4.52 16.02 %
Apr 3.91 3.55 4.03 11.94 %
May 4.43 4.20 4.95 15.17 %
Jun 4.85 4.27 5.30 19.35 %
Jul 5.12 4.68 5.53 15.42 %
Aug 5.46 5.27 5.93 11.05 %
Sep 5.77 5.57 6.06 8.00 %
Oct 5.08 4.57 5.61 18.49 %
Nov 4.86 4.46 5.25 15.12 %
Dec 5.04 4.83 5.62 14.00 %

Canopy Growth information and performance

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 Address

1 HERSHEY DRIVE, SMITH FALLS, ON, CA

Market Capitalization: 1 778 515 000 $

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

EBITDA: -410 145 984 $

EBITDA 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: N/A

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: N/A

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

EPS: -0.594

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: -0.103

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: 4.06

Enterprise Value (EV) /Revenue

EV To EBITDA: -0.698

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

Shares Outstanding: 485933000

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

Canopy Growth price target for 2023 by month


Target values for the price of one Canopy Growth share for Jan 2023.

The weighted average target price per Canopy Growth share in Jan 2023 is: 3.68. In Jan, the negative dynamics for Momo shares will prevail with possible monthly volatility of 10.779% volatility is expected.

Pessimistic target level: 3.57

Optimistic target level: 4.00


Target values for the price of one Canopy Growth share for Feb 2023.

The weighted average target price per Canopy Growth share in Feb 2023 is: 3.86. In Feb, the positive dynamics for Momo shares will prevail with possible monthly volatility of 13.735% volatility is expected.

Pessimistic target level: 3.45

Optimistic target level: 4.00


Target values for the price of one Canopy Growth share for Mar 2023.

The weighted average target price per Canopy Growth share in Mar 2023 is: 4.09. In Mar, the positive dynamics for Momo shares will prevail with possible monthly volatility of 16.018% volatility is expected.

Pessimistic target level: 3.80

Optimistic target level: 4.52


Target values for the price of one Canopy Growth share for Apr 2023.

The weighted average target price per Canopy Growth share in Apr 2023 is: 3.91. In Apr, the negative dynamics for Momo shares will prevail with possible monthly volatility of 11.942% volatility is expected.

Pessimistic target level: 3.55

Optimistic target level: 4.03


Target values for the price of one Canopy Growth share for May 2023.

The weighted average target price per Canopy Growth share in May 2023 is: 4.43. In May, the positive dynamics for Momo shares will prevail with possible monthly volatility of 15.175% volatility is expected.

Pessimistic target level: 4.20

Optimistic target level: 4.95


Target values for the price of one Canopy Growth share for Jun 2023.

The weighted average target price per Canopy Growth share in Jun 2023 is: 4.85. In Jun, the positive dynamics for Momo shares will prevail with possible monthly volatility of 19.350% volatility is expected.

Pessimistic target level: 4.27

Optimistic target level: 5.30


Target values for the price of one Canopy Growth share for Jul 2023.

The weighted average target price per Canopy Growth share in Jul 2023 is: 5.12. In Jul, the positive dynamics for Momo shares will prevail with possible monthly volatility of 15.424% volatility is expected.

Pessimistic target level: 4.68

Optimistic target level: 5.53


Target values for the price of one Canopy Growth share for Aug 2023.

The weighted average target price per Canopy Growth share in Aug 2023 is: 5.46. In Aug, the positive dynamics for Momo shares will prevail with possible monthly volatility of 11.055% volatility is expected.

Pessimistic target level: 5.27

Optimistic target level: 5.93


Target values for the price of one Canopy Growth share for Sep 2023.

The weighted average target price per Canopy Growth share in Sep 2023 is: 5.77. In Sep, the positive dynamics for Momo shares will prevail with possible monthly volatility of 8.004% volatility is expected.

Pessimistic target level: 5.57

Optimistic target level: 6.06


Target values for the price of one Canopy Growth share for Oct 2023.

The weighted average target price per Canopy Growth share in Oct 2023 is: 5.08. In Oct, the negative dynamics for Momo shares will prevail with possible monthly volatility of 18.487% volatility is expected.

Pessimistic target level: 4.57

Optimistic target level: 5.61


Target values for the price of one Canopy Growth share for Nov 2023.

The weighted average target price per Canopy Growth share in Nov 2023 is: 4.86. In Nov, the negative dynamics for Momo shares will prevail with possible monthly volatility of 15.125% volatility is expected.

Pessimistic target level: 4.46

Optimistic target level: 5.25


Target values for the price of one Canopy Growth share for Dec 2023.

The weighted average target price per Canopy Growth share in Dec 2023 is: 5.04. In Dec, the positive dynamics for Momo shares will prevail with possible monthly volatility of 14.004% volatility is expected.

Pessimistic target level: 4.83

Optimistic target level: 5.62




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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.