Analyst: Canopy Growth Will Drop 38% to $27

1 min read

Investors might be high on marijuana stocks these days, but a notable analyst isn’t exactly bullish on one of the top names in the sector. 

On Friday, Piper Sandler’s Michael Lavery cut his recommendation on industry bellwether Canopy Growth (NASDAQ: CGC) from overweight to neutral. He is maintaining his price target of $27 per share, meaning that he believes the stock could fall by nearly 40% from its current level.

Image source: Getty Images.

Continue reading

Leave a Reply

Your email address will not be published.

Previous Story

Why Ocugen Stock Rocketed 200% Today

Next Story

Answering Investors’ Questions

Latest from Blog