Canopy Growth (WEED) Reaches New 52-Week High on Analyst Upgrade

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Canopy Growth Corp (TSE:WEED) reached a new 52-week high on Tuesday after Cowen raised their price target on the stock from C$56.00 to C$74.00. The company traded as high as C$65.77 and last traded at C$64.77, with a volume of 8674213 shares. The stock had previously closed at C$59.64.

A number of other equities research analysts also recently weighed in on WEED. Canaccord Genuity boosted their price target on shares of Canopy Growth from C$27.50 to C$32.00 in a research note on Thursday, June 28th. Cormark upped their target price on shares of Canopy Growth from C$25.00 to C$33.00 in a research note on Thursday, June 28th. Finally, Eight Capital upped their target price on shares of Canopy Growth from C$40.00 to C$50.00 in a research note on Friday, July 6th.

Canopy Growth Company Profile (TSE:WEED)

Canopy Growth Corporation, together with its subsidiaries, engages in growing, possession, and sale of medical cannabis in Canada. Its products include dried flowers, oils and concentrates, softgel capsules, and hemps. The company offers its products under the Tweed, Black Label, Spectrum Cannabis, DNA Genetics, Leafs By Snoop, Bedrocan Canada, CraftGrow, and Foria brand names.

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