Bank of America Initiates Coverage on Canopy Growth (NYSE: CGC)


Welcome to Canopy Growth - Cannabis Innovation on the World Stage
  • Bank of America has initiated coverage on Canopy Growth (NYSE: CGC), (TSX: WEED).
  • Bank of America set “buy” rating ahead of Canopy’s earnings release.
  • 23 Wall Street analysts have issued ratings and price targets for Canopy Growth in the past 12 months.
  • Average twelve-month price target is $37.74, suggesting that the stock has a possible upside of 106.82%.
  • The high price target for CGC is $107.57.
  • The low price target for CGC is $15.60.
  • There are currently 13 hold ratings and 10 buy ratings for the stock, resulting in a consensus rating of “Hold.”

Today30 Days Ago90 Days Ago
Consensus Rating:HoldHoldHold
Consensus Rating Score:2.432.462.41
Ratings Breakdown:0 Sell Rating(s)
13 Hold Rating(s)
10 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
13 Hold Rating(s)
11 Buy Rating(s)
0 Strong Buy Rating(s)
1 Sell Rating(s)
11 Hold Rating(s)
10 Buy Rating(s)
0 Strong Buy Rating(s)
Consensus Price Target:$37.74$40.01$40.60
Price Target Upside:106.82% upside176.51% upside83.45% upside

Source: MarketBeat

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