Analyst Ratings Coverage
CIBC World Markets issued a research report on Canopy Growth on October 31st, and raised the 12 month target on the stock to $.50 from $.45 per share. The analyst also maintained the “Underperform” rating on WEED’s stock.
WEED:TSX Stock Analysis
The analysis of Canopy Growth Corp’s stock, incorporating data from 10 analysts, provides valuable insights into the company’s financial outlook:
- Average Analyst Target Price: The average target price, as projected by the 10 analysts, for Canopy Growth Corp over the next 12 months is CAD 1.07. This target price represents the expected valuation of the stock over the specified time frame, as assessed by these analysts.
- Average Analyst Rating: Canopy Growth Corp’s average analyst rating is “Hold.” This indicates that, on average, analysts are adopting a neutral stance on the stock. They neither strongly recommend buying nor selling it, suggesting a balanced outlook.
- Stock Target Advisor Analysis: Stock Target Advisor, an independent analysis tool, provides its own assessment of Canopy Growth Corp’s stock, rating it as “Bearish.” This rating is based on an evaluation of 1 positive signal and 8 negative signals associated with the stock. A “Bearish” rating often suggests caution or a negative outlook.
- Recent Stock Performance:
- Last Closing Price: The stock’s most recent market valuation, at the last closing, was CAD 0.71. This is the price at which the stock was last traded.
- Weekly Change: Over the past week, Canopy Growth Corp’s stock price remained relatively stable, with a marginal change of +0.00%. This suggests short-term stability.
- Monthly Change: Over the past month, the stock has experienced a substantial decrease of -32.38%. This indicates significant volatility or challenges affecting the stock during this period.
- Yearly Change: When examining the stock’s performance over the last year, there has been a significant decline of -96.68%. This indicates a substantial decrease in the stock’s value over the course of the year.
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