Is Canopy Growth Stock a good buy in 2023, according to Wall Street analysts?
The consensus among 2 Wall Street analysts covering (NASDAQ: CGC) stock is to Sell CGC stock.
Out of 2 analysts, 0 (0%) are recommending CGC as a Strong Buy, 0 (0%) are recommending CGC as a Buy, 1 (50%) are recommending CGC as a Hold, 0 (0%) are recommending CGC as a Sell, and 1 (50%) are recommending CGC as a Strong Sell.
What is CGC's forecast return on equity (ROE) for 2024-2026?
(NASDAQ: CGC) forecast ROE is 2.31%, which is considered weak.
What is CGC's Price Target?
According to 2 Wall Street analysts that have issued a 1 year CGC price target, the average CGC price target is $2.10, with the highest CGC stock price forecast at $3.20 and the lowest CGC stock price forecast at $1.00.
On average, Wall Street analysts predict that Canopy Growth's share price could reach $2.10 by May 2, 2024. The average Canopy Growth stock price prediction forecasts a potential upside of 154.55% from the current CGC share price of $0.83.
What is CGC's forecast return on assets (ROA) for 2024-2026?
(NASDAQ: CGC) forecast ROA is 1.09%, which is higher than the forecast US Drug Manufacturers - Specialty & Generic industry average of 0.03%.
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