Canopy Growth is overweight according to PiperJaffray analysts

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In a note of 04 December, analysts Kratky and Lavery mention that Canopy is well positioned in their sector especially if several of their competitors leave the market.

Their projection of the global cannabis market is between $200 and $500 million over the long term and between $15 and $50 million in the short term.

According to analysts, Canopy have several innovative products that should attract new consumers.

Forecasts are 9x C21E sales of $610M (US) for a target price of $21 (US)

– PiperJaffray analyst

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