William Kirk analyst at MKM Partners reiterates coverage on Canopy Growth (CGC) in the Basic Materials sector with a Buy rating. TipRanks.com has Kirk rated as a 0.3 star analyst with a 40% return on investment and a -7% success rate. Kirk has set a price target of $10.1.
TipRanks.com reports that Canopy Growth currently has 14 analysts offering 12-month price targets and the consensus is a Moderate Sell rating with an average price target is $5.05. The target pricing ranges from a high forecast of $10.10 down to a low forecast of $1.94. Canopy Growth (CGC)’s last closing price was $3.51 which would put the average price target at 43.87% upside.
In addition, TradingView issued a Sell rating for CGC over the next month, Barchart.com has a Strong sell rating and Yahoo! Finance has a Bullish short-term outlook. Remember, securities are volatile, so please do your own research on CGC.
Other analysts covering CGC include:
- Unknown Analyst of Jefferies issued a Hold rating with the price target of $ 5.5 on 2 weeks ago
- Gaurav Jain of Barclays issued a Sell rating with the price target of $ 3.5 on 3 weeks ago
- Tamy Chen of BMO Capital issued a Sell rating with the price target of $ 1.94 on 3 weeks ago
- Michael Lavery of Piper Sandler issued a Sell rating with the price target of $ 4 on 4 weeks ago
TipRanks.com tracks and measures the performance of over 50,000 financial experts. The TipRanks Star Ranking TM is calculated based on expert success rate, average return and statistical significance. Get more from TipRanks.com here >>
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