iHeartMedia Inc has a consensus price target of $4.19 based on the ratings of 9 analysts. The high is $9 issued by Goldman Sachs on August 10, 2022. The low is $1 issued by B of A Securities on June 3, 2024. The 3 most-recent analyst ratings were released by B of A Securities, Guggenheim, and Goldman Sachs on June 3, 2024, May 16, 2024, and May 13, 2024, respectively. With an average price target of $1.67 between B of A Securities, Guggenheim, and Goldman Sachs, there's an implied -1.38% downside for iHeartMedia Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for iHeartMedia (NASDAQ:IHRT) was reported by B of A Securities on June 3, 2024. The analyst firm set a price target for $1.00 expecting IHRT to fall to within 12 months (a possible -40.83% downside). 8 analyst firms have reported ratings in the last year.
The latest analyst rating for iHeartMedia (NASDAQ:IHRT) was provided by B of A Securities, and iHeartMedia maintained their underperform rating.
There is no last upgrade for iHeartMedia
The last downgrade for iHeartMedia Inc happened on March 28, 2023 when B of A Securities changed their price target from $6.5 to $4 for iHeartMedia Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of iHeartMedia, 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 iHeartMedia was filed on June 3, 2024 so you should expect the next rating to be made available sometime around June 3, 2025.
While ratings are subjective and will change, the latest iHeartMedia (IHRT) rating was a maintained with a price target of $1.70 to $1.00. The current price iHeartMedia (IHRT) is trading at is $1.69, which is out of the analyst’s predicted range.
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