Canopy Growth (CGC) Analyst Target at $1.22 Indicates 27% Upside

Canopy Growth (CGC) recently dropped below $1 per share despite a previous surge during the spring marijuana rally. The average analyst price target is currently $1.22, representing a potential 27% increase from its current trading price. Roth Capital Partners analyst Bill Kirk has set a more optimistic price target of 5 Canadian dollars, indicating a possible fourfold increase. However, Kirk's estimates for FY2027 project a modest 5.1% revenue growth, and adjusted EBITDA is expected to remain near breakeven, suggesting that significant gains may be challenging without favorable regulatory changes.