Tilray Shares Face Renewed Pressure as Analyst Slashes Price Target

Investor optimism for a near-term recovery has been dashed. Tilray Brands, Inc. continues to experience significant selling pressure following its recent reverse stock split, a situation compounded by a major investment bank’s decision to drastically reduce its valuation estimate for the company. This dual setback visibly unsettled the market, driving the share price lower in the latest trading session.

The immediate catalyst for the latest decline was a stark reassessment by analysts at TD Cowen. The firm has substantially cut its price target on Tilray shares from $25 to just $10. While the analysts maintained a “Buy” recommendation, the dramatic reduction in the target price underscores deeper concerns. The revision was attributed to Read more...