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Cannabis Stock Tilray Inc (TLRY) Drops 5.87% Friday; Analysts Call It A Buy, Are They Wrong?

Friday, July 30, 2021 03:33 PM | InvestorsObserver Analysts

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Cannabis Stock Tilray Inc (TLRY) Drops 5.87% Friday; Analysts Call It A Buy, Are They Wrong?

TLRY stock is lower by 5.87% Friday as the cannabis stock decreases $0.9 and underperforms the market. Wall Street is positive on Tilray Inc (TLRY). On average, analysts give the stock a Buy rating. The average price target is $18.75, which means analysts expect the stock to rise by 29.13% over the next twelve months. That average ranking earns the stock an Analyst Rating of 16, which is better than 16% of stocks based on data compiled by InvestorsObserver.

Overall Score - 3.5
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!

Why are Analyst Ratings Important?

You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay attention to and ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers. InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.

What's Happening With Tilray Inc Stock Today?

Tilray Inc (TLRY) stock is trading at $14.52 as of 3:31 PM on Friday, Jul 30, a drop of -$0.90, or -5.87% from the previous closing price of $15.42. The stock has traded between $14.42 and $15.51 so far today. Volume today is 19,066,948 compared to average volume of 22,340,046. Click Here to get the full Stock Report for Tilray Inc stock.

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