Is CGC a buy right now?
Bottom line: Canopy Growth stock is not in a buy zone, so it isn't a buy right now. IBD's research shows investors would be better off looking for stocks with stronger fundamentals and that are closer to their highs.
What is the outlook for Canopy Growth?
The 15 analysts offering 12-month price forecasts for Canopy Growth Corp have a median target of 4.74, with a high estimate of 6.89 and a low estimate of 3.00. The median estimate represents a +0.86% increase from the last price of 4.70.
What is the target price for Canopy Growth?
Stock Price Target CGCHigh$6.89Median$4.74Low$3.00Average$4.56Current Price$4.71
Is CGC stock a buy or sell?
The consensus among 7 Wall Street analysts covering (NASDAQ: CGC) stock is to Sell CGC stock.
Will CGC ever go up?
CGC is expected to eventually sustain strong revenue growth, peaking at 28% in the year ending March 2025.
Does Canopy Growth pay dividends?
Does Canopy Growth Corporation pay a dividend? Canopy Growth Corporation does not currently pay a dividend and has no current plans to introduce one in the future.
Is CGC a buy Zacks?
See rankings and related performance below. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy25.08%2Buy18.56%3Hold10.15%4Sell5.79%2 more rows
Who owns Canopy Growth?
Constellation BrandsIn August 2018, Constellation Brands – an American beer, wine and spirits producer with global markets – announced its investment of an additional C$5 billion (US$3.8 billion) in Canopy Growth, giving it 38% ownership of the company, up from the previous 10%.