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Sinclair (NASDAQ:SBGI) Stock, Analyst Ratings, Price Targets, Forecasts
Sinclair Inc has a consensus price target of $19.74 based on the ratings of 9 analysts. The high is $28 issued by Deutsche Bank on May 23, 2022. The low is $13 issued by Wells Fargo on March 1, 2024. The 3 most-recent analyst ratings were released by Wells Fargo, Rosenblatt, and Guggenheim on March 1, 2024, January 18, 2024, and November 3, 2023, respectively. With an average price target of $16.23 between Wells Fargo, Rosenblatt, and Guggenheim, there's an implied 4.06% upside for Sinclair Inc from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Wells Fargo
Rosenblatt
Guggenheim
Benchmark
Deutsche Bank
1calculated from analyst ratings
Analyst Ratings for Sinclair
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 03/01/2024 | Buy Now | -16.67% | Wells Fargo | Steven Cahall | $12 → $13 | Maintains | Underweight | Get Alert |
| 01/18/2024 | Buy Now | 0.64% | Rosenblatt | Barton Crockett | $10.4 → $15.7 | Maintains | Neutral | Get Alert |
| 11/03/2023 | Buy Now | 28.21% | Guggenheim | Curry Baker | $30 → $20 | Maintains | Buy | Get Alert |
| 09/05/2023 | Buy Now | -13.46% | Rosenblatt | Barton Crockett | $18.6 → $13.5 | Maintains | Neutral | Get Alert |
| 08/23/2023 | Buy Now | 60.26% | Benchmark | Daniel Kurnos | → $25 | Reiterates | Buy → Buy | Get Alert |
| 08/15/2023 | Buy Now | 8.97% | Deutsche Bank | Bryan Kraft | $18 → $17 | Maintains | Hold | Get Alert |
| 05/09/2023 | Buy Now | 15.38% | Deutsche Bank | Benjamin Soff | $22 → $18 | Maintains | Hold | Get Alert |
| 05/04/2023 | Buy Now | 60.26% | EF Hutton | Edward Reilly | $38 → $25 | Maintains | Buy | Get Alert |
| 04/18/2023 | Buy Now | 41.03% | Deutsche Bank | Benjamin Soff | $22 → $21 | Maintains | Hold | Get Alert |
| 02/23/2023 | Buy Now | -3.85% | Wells Fargo | Steven Cahall | $16 → $15 | Maintains | Underweight | Get Alert |
| 02/23/2023 | Buy Now | 2.56% | Rosenblatt | Barton Crockett | $18 → $16 | Maintains | Neutral | Get Alert |
| 02/21/2023 | Buy Now | 92.31% | Benchmark | Daniel Kurnos | → $30 | Reiterates | → Buy | Get Alert |
| 12/08/2022 | Buy Now | 2.56% | JP Morgan | David Karnovsky | $25 → $16 | Downgrade | Neutral → Underweight | Get Alert |
| 11/03/2022 | Buy Now | 2.56% | Wells Fargo | Steven Cahall | $30 → $16 | Downgrade | Overweight → Underweight | Get Alert |
| 11/03/2022 | Buy Now | 15.38% | Rosenblatt | Barton Crockett | $20 → $18 | Maintains | Neutral | Get Alert |
| 10/05/2022 | Buy Now | 220.51% | EF Hutton | Edward Reilly | $40 → $50 | Maintains | Buy | Get Alert |
| 10/04/2022 | Buy Now | 28.21% | Rosenblatt | Barton Crockett | $24 → $20 | Maintains | Neutral | Get Alert |
| 05/23/2022 | Buy Now | 79.49% | Deutsche Bank | Connor Murphy | $31 → $28 | Maintains | Hold | Get Alert |
| 05/12/2022 | Buy Now | 53.85% | Rosenblatt | Barton Crockett | $22 → $24 | Maintains | Neutral | Get Alert |
| 05/05/2022 | Buy Now | 41.03% | Rosenblatt | Barton Crockett | $21 → $22 | Maintains | Neutral | Get Alert |
| 05/05/2022 | Buy Now | 111.54% | Wells Fargo | Steven Cahall | → $33 | Upgrade | Equal-Weight → Overweight | Get Alert |
| 04/26/2022 | Buy Now | 162.82% | EF Hutton | Edward Reilly | → $41 | Initiates | → Buy | Get Alert |
| 04/19/2022 | Buy Now | 34.62% | Rosenblatt | Barton Crockett | → $21 | Initiates | → Neutral | Get Alert |
| 02/24/2022 | Buy Now | 117.95% | Benchmark | Daniel Kurnos | $38 → $34 | Maintains | Buy | Get Alert |
FAQ
What is the target price for Sinclair (SBGI) stock?
The latest price target for Sinclair (NASDAQ:SBGI) was reported by Wells Fargo on March 1, 2024. The analyst firm set a price target for $13.00 expecting SBGI to fall to within 12 months (a possible -16.67% downside). 6 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Sinclair (SBGI)?
The latest analyst rating for Sinclair (NASDAQ:SBGI) was provided by Wells Fargo, and Sinclair maintained their underweight rating.
When was the last upgrade for Sinclair (SBGI)?
The last upgrade for Sinclair Inc happened on May 5, 2022 when Wells Fargo raised their price target to $33. Wells Fargo previously had an equal-weight for Sinclair Inc.
When was the last downgrade for Sinclair (SBGI)?
The last downgrade for Sinclair Inc happened on December 8, 2022 when JP Morgan changed their price target from $25 to $16 for Sinclair Inc.
When is the next analyst rating going to be posted or updated for Sinclair (SBGI)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Sinclair, 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 Sinclair was filed on March 1, 2024 so you should expect the next rating to be made available sometime around March 1, 2025.
Is the Analyst Rating Sinclair (SBGI) correct?
While ratings are subjective and will change, the latest Sinclair (SBGI) rating was a maintained with a price target of $12.00 to $13.00. The current price Sinclair (SBGI) is trading at is $15.60, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.