Canaccord lowered the firm’s price target on Cybin (CYBN) to $45 from $70 and keeps a Buy rating on the shares. The firm updated its model to reflect its recent capital raise of about $175M and paydown of its convertible debt. The company is poised for a catalyst rich 2026 and shares remain significantly undervalued.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CYBN:
- Cybin Inc.: Strategic Positioning and Financial Strength Bolster Buy Rating
- Cybin price target lowered to $55 from $150 at H.C. Wainwright
- Cybin, Inc. Reports Q2 2026 Financial Results
- Cybin, Inc. Navigates Progress and Challenges in Earnings Call
- Psychedelic: Atai Beckley, Cybin report quarterly earnings