Cumulus Media Inc has a consensus price target of $11 based on the ratings of 3 analysts. The high is $11 issued by B. Riley Securities on July 31, 2023. The low is $11 issued by B. Riley Securities on July 31, 2023. The 3 most-recent analyst ratings were released by Barrington Research, B. Riley Securities, and Barrington Research on February 27, 2024, July 31, 2023, and July 31, 2023, respectively. With an average price target of $9 between Barrington Research, B. Riley Securities, and Barrington Research, there's an implied 1150.17% upside for Cumulus Media Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Cumulus Media (NASDAQ:CMLS) was reported by Noble Capital Markets on February 28, 2024. The analyst firm set a price target for $0.00 expecting CMLS to fall to within 12 months (a possible -100.00% downside). 3 analyst firms have reported ratings in the last year.
The latest analyst rating for Cumulus Media (NASDAQ:CMLS) was provided by Noble Capital Markets, and Cumulus Media downgraded their market perform rating.
There is no last upgrade for Cumulus Media
The last downgrade for Cumulus Media Inc happened on February 28, 2024 when Noble Capital Markets changed their price target from N/A to N/A for Cumulus Media Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Cumulus Media, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Cumulus Media was filed on February 28, 2024 so you should expect the next rating to be made available sometime around February 28, 2025.
While ratings are subjective and will change, the latest Cumulus Media (CMLS) rating was a downgraded with a price target of $0.00 to $0.00. The current price Cumulus Media (CMLS) is trading at is $0.72, which is out of the analyst’s predicted range.
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