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Do Analysts Agree Wednesday on Canopy Growth Corp (CGC) Stock's Target Price?

Wednesday, November 03, 2021 02:29 PM | InvestorsObserver Analysts
Do Analysts Agree Wednesday on Canopy Growth Corp (CGC) Stock's Target Price?

Analysts who follow Canopy Growth Corp (CGC) on average expect it to increase 46.35% over the next twelve months. Those same analysts give the stock an average rating of Buy. That average rating earns the stock an Analyst Ranking of 12, which means it ranks higher than 12 of stocks, based on data compiled by InvestorsObserver.

Overall Score - 3.2
Wall Street analysts are rating CGC a Buy today. Find out what this means to you and get the rest of the rankings on CGC!

Why are Analyst Ratings Important?

Analytical research by professionals can be extremely useful when making investment decisions in the stock market. Analysts are able to observe industries in detail and learn how geographical impacts can affect a company's balance sheet. This information allows investors to make decisions ahead of the curve. InvestorsObserver combines the ratings from these analysts and proceeds to percentile rank them. This grants you the ability to compare stocks in a comprehensive fashion as oppossed to a standard buy/hold/sell rating.

What's Happening With Canopy Growth Corp Stock Today?

Canopy Growth Corp (CGC) stock is trading at $13.38 as of 2:22 PM on Wednesday, Nov 3, a gain of $0.31, or 2.33% from the previous closing price of $13.07. The stock has traded between $12.95 and $13.64 so far today. Volume today is less active than usual. So far 3,309,027 shares have traded compared to average volume of 4,554,460 shares. Click Here to get the full Stock Report for Canopy Growth Corp stock.

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