One of today’s biggest movers in the financial markets is Tilray Inc. (NASDAQ: TLRY). The pharmaceutical and cannabis company is up over 12% on the day and 50% in the last month.
Because of the increased interest surrounding the company, we thought it would be helpful to answer a few commonly asked questions such as where can I buy Tilray stock, what are the best places to buy Tilray shares and what exactly does Tilray do anyway? You can find answers to all of these questions and more on this page.
Where to buy Tilray stock online
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The best place to invest in TLRY is a reliable stockbroker with low fees. We have identified two of the best and listed them below for your convenience:
If you are looking for one of the world’s most popular brokers, and you want a low-fee platform that supports a huge number of financial instruments, eToro could be the option for you.
If you want to gain exposure to Tilray’s share price without owning shares outright, Plus500 is an inexpensive and easy-to-use CFD platform with a clean interface.
For other options, read our comparison of the best brokers and trading platforms this year.
What is Tilray Incorporated?
Founded in 2013 and based in Canada, Tilray is a Canadian pharmaceutical and cannabis company with operations in Australia, New Zealand, Germany, Portugal, and Latin America. The company generates over $200 million in revenue per year and has had a strong 2021.
Why is TLRY stock rising in value?
Because it has been categorised as a ‘meme stock’ by Reddit investor community, WallStreetBets. This means they are driving the stock up in value in the hope they can take it ‘to the moon’ and make themselves rich at the expensive of shorting hedge funds and other major institutions.
Should I buy TLRY shares?
If you are looking for a high risk, high reward investment opportunity and recognise that the fundamental value of Tilray isn’t dictating its stock price right now, then it is a company you may want to consider closely.
Otherwise, for investors with less of an appetite for volatility, you may be advised to consider a different stock.
Could Tilray be the next AMC or GameStop?
If it continues on its current trajectory, thing could become very interesting, though quite whether it can replicate their extraordinary success remains to be seen.
Will Tilray shares make me rich?
This is highly unlikely, but given the drama that has unfolded in the stock market so far this year, nothing seems impossible right now. Just don’t bank on success or go into an investment expecting riches, because this is a surefire way to make emotionally-driven errors.
TLRY price target
Our Tilray price target 2021 is in line with that of the top analysts: a 12-month high of $28 and a median of $18.50. However, the stock is already trading at nearly $23, so this Tilray price prediction appears to be on the conservative side. Will Reddit behind it, who knows what the future could hold for Tilray?
Social media reacts to $TLRY
For all the latest on Tilray and the other top meme stocks, as well as value and growth stocks, check out our news.
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