InvestorsObserver
×
News Home

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

Mentioned in this article

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

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.

Overall Score - 3.6
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?

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.

You May Also Like

Get the InvestorsObserver App

InvestorsObserver App
iOS App Android App