Alliance Global Keeps a Neutral Rating on Canopy Growth Corporation (CGC)

Fatima Gulzar

Sun, February 15, 2026 at 5:25 PM GMT+9 2 min read

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Canopy Growth Corporation (NASDAQ:CGC) is among the 7 Best Cannabis Stocks to Invest In Now.

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Canopy Growth Corporation (NASDAQ:CGC) is among the** Best Marijuana Stocks. **

Alliance Global reduced its price objective on Canopy Growth Corporation (NASDAQ:CGC) from C$2.50 to C$1.80 on February 7, 2026, according to TheFly. It also kept its rating at Neutral after the company’s fiscal third-quarter report. The valuation multiple was lowered by the analyst to account for potential consequences of modifications to veteran reimbursement and the continuous ambiguity around gross margins.

On February 6, 2026, Canopy Growth Corporation (NASDAQ:CGC) announced a fiscal third-quarter loss of C$0.18 per share, down from C$1.11 per share during the same period last year. Revenue rose from C$86.24 million to C$90.39 million in the previous year. According to the corporation, the quarter displayed stronger fundamentals and a more integrated, targeted operating style, with Canada being the strongest area. The management stressed ongoing efforts to improve execution and pointed to the impending acquisition of MTL Cannabis as a chance to gradually fortify the platform even further.

Canopy Growth Corporation (NASDAQ:CGC) produces, sells, and distributes cannabis and products derived from cannabinoids for both medical and recreational use. The company operates in the following segments: Canada Cannabis, International Markets Cannabis, Storz and Bickel, This Works, and Other.

While we acknowledge the potential of CGC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

**READ NEXT: **20 Best AI Stock To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None.

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