Tilray - TLRY Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tilray in the last twelve months. There are currently 2 sell ratings and 6 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" TLRY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TLRY, but not buy additional shares or sell existing shares.
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8 Wall Street research analysts have issued 12-month price targets for Tilray's stock. Their TLRY share price forecasts range from $2.00 to $9.00. On average, they expect the company's share price to reach $4.72 in the next twelve months. This suggests a possible upside of 86.5% from the stock's current price.
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Tilray's stock was trading at $2.69 on January 1st, 2023. Since then, TLRY shares have decreased by 5.9% and is now trading at $2.53.
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The company is scheduled to release its next quarterly earnings announcement on Monday, April 10th 2023.
View our TLRY earnings forecast.

Tilray will be holding an earnings conference call on Monday, April 10th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Tilray Inc (NASDAQ:TLRY) issued its quarterly earnings data on Monday, January, 9th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by $0.01. The company had revenue of $144.10 million for the quarter, compared to analysts' expectations of $157.21 million. Tilray had a negative trailing twelve-month return on equity of 5.10% and a negative net margin of 89.96%. The business's revenue was down 7.1% on a year-over-year basis.

ETFs with the largest weight of Tilray (NASDAQ:TLRY) stock in their portfolio include Global X Cannabis ETF (POTX), Amplify Seymour Cannabis ETF (CNBS), ETFMG Alternative Harvest ETF (MJ), AdvisorShares Pure Cannabis ETF (YOLO), AXS Cannabis ETF (THCX), Cambria Cannabis ETF (TOKE), B.A.D. Etf (BAD) and SoFi Social 50 ETF (SFYF).

32 employees have rated Tilray Chief Executive Officer Brendan Kennedy on Glassdoor.com. Brendan Kennedy has an approval rating of 51% among the company's employees. This puts Brendan Kennedy in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Tilray investors own include Cronos Group (CRON), Aurora Cannabis (ACB), NVIDIA (NVDA), Alibaba Group (BABA), Advanced Micro Devices (AMD), Tesla (TSLA), Micron Technology (MU), Netflix (NFLX) and Block (SQ).

(TLRY) raised $135 million in an initial public offering on Thursday, July 19th 2018. The company issued 9,000,000 shares at a price of $14.00-$16.00 per share. Cowen and Company served as the underwriter for the IPO and Roth Capital Partners and Northland Securities were co-managers.

Tilray trades on the NASDAQ under the ticker symbol "TLRY."

Tilray's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Susquehanna International Group LLP (0.00%), Marshall Wace LLP (0.40%), Mirae Asset Global Investments Co. Ltd. (0.39%), Millennium Management LLC (0.38%), Sculptor Capital LP (0.00%) and Swiss National Bank (0.21%). Insiders that own company stock include Brendan Kennedy, Carl A Merton, Christine StClare, James R Meiers, Maryscott Greenwood and Michael Auerbach.
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Shares of TLRY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TLRY stock can currently be purchased for approximately $2.53.

Tilray (NASDAQ:TLRY) has a market capitalization of $1.56 billion and generates $628.37 million in revenue each year. The company earns $-476,800,000.00 in net income (profit) each year or ($1.05) on an earnings per share basis.

The company employs 1,800 workers across the globe.

Tilray's mailing address is 1100 MAUGHAN ROAD, NANAIMO A1, V9X 1J2. The official website for the company is www.tilray.com. The company can be reached via phone at 206-432-9325.