Canopy Growth Corp stock is lower by -10.07% over the last 12 months, and the average rating from Wall Street analysts is a Hold.
InvestorsObserver’s proprietary ranking system, gives CGC stock a score of 33 out of a possible 100.
That rank is chiefly influenced by a long-term technical score of 12.
CGC's rank also includes a short-term technical score of 16.
The fundamental score for CGC is 71.
In addition to the average rating from Wall Street analysts, CGC stock has a mean target price of $23.14.
This means analysts expect the stock to rise 56.12% over the next 12 months.
But when we move to the technical side of things, Canopy Growth Corporation has been struggling to break above resistance for quite some time.
It’s also sitting in oversold territory so you’d expect price to retest resistance sometime next week.
If price is able to break above I have no question in my mind this will be a huge win.
Keep this on your watchlist.
- Factor Four
InvestorsObserver’s proprietary ranking system, gives CGC stock a score of 33 out of a possible 100.
That rank is chiefly influenced by a long-term technical score of 12.
CGC's rank also includes a short-term technical score of 16.
The fundamental score for CGC is 71.
In addition to the average rating from Wall Street analysts, CGC stock has a mean target price of $23.14.
This means analysts expect the stock to rise 56.12% over the next 12 months.
But when we move to the technical side of things, Canopy Growth Corporation has been struggling to break above resistance for quite some time.
It’s also sitting in oversold territory so you’d expect price to retest resistance sometime next week.
If price is able to break above I have no question in my mind this will be a huge win.
Keep this on your watchlist.
- Factor Four