Yahoo Finance

BofA lowered the firm’s price target on Canopy Growth (CGC) to C$2 from C$5 and keeps an Underperform rating on the shares following what the analyst calls the “mixed 3Q results and outlook.” Adult use remains challenging and operational costs still need to fall further to achieve positive consolidated EBITDA, the analyst tells investors in a post-earnings note.

Maximize Your Portfolio with Data Driven Insights:

• Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.

• Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See Insiders’ Hot Stocks on TipRanks >>

Read More on CGC:

• Largest borrow rate increases among liquid names

• Canopy Growth Navigates Mixed Earnings Call Landscape

• Acreage Holdings’ Financial Troubles Threaten Canopy Growth’s U.S. Strategy

• Canopy Growth’s Q3 2025 Results: Strategic Focus on Profitability

• Canopy Growth price target lowered to C$4 from C$7 at Alliance Global Partners