Alliance Global Partners analyst Aaron Grey raised the firm’s price target on Canopy Growth to C$11 from C$6 and keeps a Neutral rating on the shares after Canopy reported fiscal Q4 sales of C$72.8M that came roughly in-line with the firm’s estimate and the Street consensus. The firm looks for the company to make strides toward EBITDA profitability in FY25, having addressed notable near-term debt concerns, but remains on the sidelines until there is better line of sight to profitability.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CGC:
- Canopy Growth Announces Exercise of Acreage Options Paving the Way for Acquisition by Canopy USA
- Canopy Growth price target lowered to C$4 from C$4.50 at CIBC
- Canopy Growth price target lowered to C$20 from C$25 at Roth MKM
- Canopy Growth’s Battle Against Unregulated Cannabis Rivals: A Threat to Market Fairness and Financial Stability
- Rising High: Exclusive talk with funding solutions provider FundCanna