Pot Stock Tilray Inc (TLRY) Drops 5.1% Friday; Analysts Call It A Buy, Are They Wrong?

Friday, October 22, 2021 03:15 PM | InvestorsObserver Analysts

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Tilray Inc is a player in the cannabis industry that is lower by 5.1% Friday. Wall Street is positive on Tilray Inc (TLRY). On average, analysts give TLRY a Buy rating. The average price target is $15.863, which means analysts expect the stock to gain by 44.60% over the next twelve months. That average ranking earns TLRY an Analyst Rating of 19, which is better than 19% of stocks based on data compiled by InvestorsObserver.

Wall Street analysts are rating TLRY a Buy today. Find out what this means to you and get the rest of the rankings on TLRY!
See Full TLRY Report

Why are Analyst Ratings Important?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement. InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

What's Happening With Tilray Inc Stock Today?

Tilray Inc (TLRY) stock is trading at $10.97 as of 3:09 PM on Friday, Oct 22, a decline of -$0.59, or -5.1% from the previous closing price of $11.56. The stock has traded between $10.96 and $11.53 so far today. Volume today is 15,634,974 compared to average volume of 20,000,636. Click Here to get the full Stock Report for Tilray Inc stock.

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