Canopy Growth Corporation (NASDAQ:CGC) shares continued to move higher Tuesday after gaining more than 9% in Monday's session. Here's a look at what you need to know. 

According to a Marijuana Moment report, Vance believes states should set their own cannabis laws. He’s also suggested that he's against incarcerating individuals for low-level possession.

“If the legislation is better, I’d be more likely to support it,” he said at the time.

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Will CGC Stock Go Up?

When trying to assess whether or not Canopy Growth will trade higher from current levels, it's a good idea to take a look at analyst forecasts.

Wall Street analysts have an average 12-month price target of $2 on Canopy Growth. One analyst has a negative rating on Canopy Growth’s stock.

In the last month, one analyst has adjusted price targets. Here's a look at recent price target changes [Analyst Ratings]. Benzinga also tracks Wall Street's most accurate analysts. Check out how analysts covering Canopy Growth have performed in recent history.

Stocks don't move in a straight line. The average stock market return is approximately 10% per year. Canopy Growth is 80.49% up year-to-date. The average analyst price target suggests the stock could have further downside ahead.

For a broad overview of everything you need to know about Canopy Growth, visit here. If you want to go above and beyond, there's no better tool to help you do just that than Benzinga Pro. Start your free trial today.

CGC Price Action: According to Benzinga Pro, Canopy Growth shares ended Tuesday session 3.08% higher at $7.36.

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