Quick Takeaways:
- Tilray Brands, Inc. (TLRY, Financial) unveils 'Cruisies', a new cocktail line, initially available on Long Island with plans for broader distribution.
- Wall Street's average target price suggests a significant upside from the current TLRY stock value.
- GuruFocus estimates reveal a potential 324.44% growth based on the GF Value of Tilray Brands, Inc.
Introduction to Tilray's Latest Venture
Tilray Brands, Inc. (TLRY), a pivotal player in the cannabis and beverage market, has recently launched a line of ready-to-drink cocktails named 'Cruisies'. This new product line, featuring a 6% ABV, is set to make its debut on New York's Long Island. The company aims to utilize its expansive distribution network to facilitate a broader rollout as the season progresses. This strategic move could enhance Tilray's market presence and diversify its product offerings.
Wall Street Analysts' Forecast
Wall Street analysts have shared their 12-month price targets for Tilray Brands Inc (TLRY, Financial), averaging at $1.28, with estimates ranging from a high of $2.50 to a low of $0.60. This average price target signals a potential upside of 183.43% from the current share price of $0.45. For more exhaustive forecast data, visit the Tilray Brands Inc (TLRY) Forecast page.
The consensus recommendation from 12 brokerage firms places Tilray Brands Inc (TLRY, Financial) at an average rating of 2.7, suggesting a 'Hold' status. This rating system is designed on a scale where 1 represents a 'Strong Buy' and 5 signifies 'Sell'.
Understanding GuruFocus Metrics
In terms of valuation, GuruFocus provides an estimated GF Value for Tilray Brands Inc (TLRY, Financial) over the next year at $1.91. This implies a promising upside of 324.44% from the current trading price of $0.45. The GF Value is an essential metric designed to reflect the fair trading value of a stock, calculated based on historical multiples, past business growth, and future business performance estimates. For further insights, explore the Tilray Brands Inc (TLRY) Summary page.
