Eight Capital Analyst Believes Canopy Should Not Be Valued As A Going Concern, Price Target $0
Portfolio Pulse from The Dales Report
Eight Capital analysts believe that Canopy Growth (NASDAQ:CGC) should not be valued as a going concern, with a price target of $0, due to continuous losses of $5 billion. TerrAscend Corp. (OTC:TSNDF) is seen as having a successful journey to listing on the TSX, with hopes of a NASDAQ listing in the near future. Other topics discussed in the podcast include Curaleaf's acquisition of Clever Leaves Portugal, Cybin's market surge, and Compass Pathways' $120 price target.
July 12, 2023 | 2:09 pm
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POSITIVE IMPACT
TerrAscend Corp. is seen as having a successful journey to listing on the TSX, with hopes of a NASDAQ listing in the near future.
The company's successful journey to listing on the TSX and the potential for a NASDAQ listing in the near future is likely to have a positive impact on its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Canopy Growth's continuous losses of $5 billion have led analysts to believe that the company should not be valued as a going concern, with a price target of $0.
The company's continuous losses have led analysts to question its viability as a going concern. This negative outlook is likely to impact the company's stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100