- Goldman Sachs analyst Stephen Laszczyk initiated coverage of iHeartMedia Inc IHRT with a Buy rating and $32 price target, implying a 30.7% upside.
- iHeartMedia appears well-positioned to shift from a legacy terrestrial radio broadcast to a digitally-driven audio-media company, Laszczyk noted.
- He estimates the transition to lead to stable growth in revenue, EBITDA, and free cash flow.
- Price action: IHRT shares closed lower by 2.04% at $24.49 on Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
