Strategic Valuation Adjustment and Optimistic Outlook for Tilray Amid Market Challenges
Robert Moskow from TD Cowen maintains a Buy rating on Tilray, adjusting the price target to $10 due to a reverse stock split. The valuation considers a lower enterprise value to EBITDA multiple of 12x, reflecting market challenges in craft beer and Canadian sectors. Despite these challenges, Moskow remains cautiously optimistic about Tilray's financial performance.
Robert Moskow, an analyst from TD Cowen, maintained the Buy rating on Tilray. The associated price target was lowered to $10.00.
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Robert Moskow has given his Buy rating due to a combination of factors, including the recent reverse stock split that effectively adjusted the price target to $10 from a pre-split value of $2.50. This adjustment reflects a strategic move to align the stock’s valuation with current market conditions.
Additionally, the new valuation considers a lower enterprise value to EBITDA multiple of 12x, which is based on a forward estimate of $80 million. This adjustment accounts for the ongoing challenges in the craft beer market and competitive pressures within the Canadian sector, suggesting a cautious yet optimistic outlook for Tilray’s financial performance.
