Weed has made it to Wall Street in a big way. Three marijuana stocks currently trade on the New York Stock Exchange (NYSE), with another recently applying to be listed. Two marijuana stocks are listed on the Nasdaq.
Wall Street is quite bullish on several of the top marijuana stocks, with expectations of huge increases over the next 12 months. But there’s one big marijuana stock that appears to have analysts more excited than any other. Which stock is it? I was surprised to learn that the answer is Tilray (NASDAQ:TLRY).
What analysts like about Tilray
The consensus analysts’ one-year price target for Tilray represents an upside of nearly 70% over the current share price. One especially optimistic analyst thinks Tilray could soar more than 150% over the next year. Even the most pessimistic analyst surveyed by The Wall Street Journal projects that