Canopy Growth Stock Target Price and Analyst Consensus
| CGC Stock | USD 3.90 0.04 1.04% |
The current analyst and expert consensus on Canopy Growth is Hold with 7 hold recommendations. The current projected Canopy Growth target price consensus is 1.34 with 12 analyst opinions. One of the most common ways Canopy Growth Corp analysts use to provide buy-or-sell recommendation to the public are conference calls analysis and financial statements evaluations. Some experts can also talk to Canopy Growth vendors, executives, and/or customers. Canopy Growth recommendation module provides expert sentiment on the projected Canopy Growth Corp target price to derive its highest and lowest estimates based on target price standard deviation of 5.067.
Lowest Forecast 1.22 | Highest Forecast 1.49 | Target Price 1.34 |
Canopy |
It's important to approach Canopy Growth's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.
Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.
Steps to utilize Canopy Growth price targets
Canopy Growth's stock target price is an estimate of its future price, usually made by analysts. Using Canopy Growth's target price to determine if it is a suitable investment can be done through the following steps:- Look at Canopy Growth's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
- Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
- Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
- Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Canopy Growth's stock is likely to perform well.
- Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Additional Canopy Growth Value Projection Modules
Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Canopy Growth is a key component of Canopy Growth valuation and have some predictive power on the future returns of a Canopy Growth.Trending Themes
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Check out Macroaxis Advice on Canopy Growth to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Please note, the presentation of Canopy Growth's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Canopy Growth's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Canopy Growth's management manipulating its earnings.