Monday, September 15, 2025

Latest

Tilray Sees Jefferies Lower Target Due To Canadian Cannabis Headwinds

Jefferies lowered their price target on Tilray Brands (TSX: TLRY), after updating their outlook, saying excluding all the Canadian headwinds, the overall outlook looks compelling. Jefferies lowered their 12-month price target from $17.00 to $15.60 and reiterated its buy rating on the stock.

Tilray currently has 20 analysts covering the stock with an average 12-month price target of US$8.47, or a 33% upside to the current stock price. Out of the 20 analysts, 2 have strong buy ratings, 2 have buy ratings, 13 analysts have hold ratings and the last 3 have sell ratings. The street high sits at US$23, which represents a 260% upside to the stock.

Jefferies says that the company saw Canadian sales continue to struggle but “there are signs for optimism,” because share losses have slowed and Tilray has seen market share gains in vapes and pre-rolls. They add, “What also needs to be remembered is that Canada adult-use is only around 25% of group gross profit.”

For Tilray’s Canadian segments, Jefferies says that the company saw continued struggles in its recreational segment as they estimated sales were down 13% quarter over quarter. This comes after a 27% drop last quarter. Additionally, Tilray saw its overall market share drop from 12.8% to 10.7%. Though they do see some signs of optimism in these quarterly results, mainly that the market share losses have slowed and that the company is now taking market share in both vape and the pre-roll categories.

Though, Jefferies says that the rest of Tilray’s business is doing well, with their international cannabis segment sales up 15% sequentially while wellness sales were up 6% as well. Beverage alcohol sales were also up more than 40% sequentially.

Jefferies also notes that Tilray is “very well-positioned” in the key German market, by having a 20% market share. While also have its US THC optionality, which they say “is key for material re-rating of all cannabis names.”

Below you can see Jefferies update estimates.


Information for this briefing was found via Sedar and Refinitiv. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

New Found Gold: The Strategic Maritime Resources Purchase

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

First Majestic Silver Sees BMO Resume Coverage With $13.25 Price Target

On November 30th, First Majestic Silver Corp. (TSX: FR) priced their convertible senior notes due...

Saturday, December 4, 2021, 12:49:00 PM

Hexo: Canaccord Lowers Price Target Following Poor Execution

On Monday, Hexo Corp (TSX: HEXO) (NYSE: HEXO) reported their fiscal third-quarter estimates which missed...

Friday, June 18, 2021, 04:13:00 PM

Canaccord Reiterates $1.75 Price Target For Mind Medicine Following Roadshow Event

This morning, Canaccord released a flash update for Mind Medicine (NEO: MMED) with highlights from...

Monday, September 28, 2020, 11:02:24 AM

Xebec Adsorption: BMO Cuts Price Target To Just $0.85 After Poor Q2 Margins

Xebec Adsorption (TSX: XBC) yesterday announced its second quarter financial results. The company announced revenues...

Saturday, August 13, 2022, 03:04:00 PM

Cormark: “Eguana Tech Is At The Very Forefront Of The Growing Wave Of Energy Storage”

Yesterday, Eguana Technologies (TSXV: EGT) released their full year 2020 financial results, alongside an operational...

Friday, January 22, 2021, 11:45:00 AM