PiperJaffrey Targets $40 US for Canopy Growth

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In a note posted today (September 30th), PiperJaffrey reiterated that Canopy Growth is one of the best positioned in the global cannabis market.

PiperJaffrey estimates the global cannabis market between $250 to $500 billion in the long run and $15 to $50 billion in the short run.

According to PiperJaffrey, with about $ 2.3 billion in cash, Canopy has enough money to face the mid-term challenge.

PiperJaffrey maintains its 18x EV / Sales 2020 (670M) for a target price of US $40 ($ 53 CAD). This is a slight decrease (US $49 before)

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This article is written and published by The Cannabis Stock

Disclaimer : The Cannabis Stock wants to promote the cannabis market with the best publication on the market. The Cannabis Stock does not recommend selling or buying any of the company mentioned and is not responsible for any losses that may result.

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