Canopy Growth Analysts Applaud Q3 Report, Stock Rallies: ‘Revenue Momentum Has Returned’

Shares of cannabis company Canopy Growth Corp (NYSE: CGC) (TSE: WEED) soared on Friday in New York and Toronto after the company reported a big third-quarter revenue and profit improvement.

Two analysts maintained Buy ratings on the stock — and said the beat could help the sector as a whole.

The Canopy Growth Analysts

BofA Securities analyst Christopher Carey maintained a Buy rating on the New York-listed Canopy Growth stock with a $36 price target.

Cantor Fitzgerald’s Pablo Zuanic maintained a Neutral on the Toronto-listed stock with a CA$27 ($20.38) target price. 

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The Canopy Growth Takeaways

Investor and …

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