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Sinclair Inc has a consensus price target of $20.94 based on the ratings of 9 analysts. The high is $30 issued by Benchmark on September 23, 2024. The low is $16 issued by JP Morgan on November 12, 2024. The 3 most-recent analyst ratings were released by Guggenheim, JP Morgan, and Wells Fargo on November 19, 2024, November 12, 2024, and November 7, 2024, respectively. With an average price target of $18 between Guggenheim, JP Morgan, and Wells Fargo, there's an implied 8.70% upside for Sinclair Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Sinclair (NASDAQ:SBGI) was reported by Guggenheim on November 19, 2024. The analyst firm set a price target for $19.00 expecting SBGI to rise to within 12 months (a possible 14.73% upside). 7 analyst firms have reported ratings in the last year.
The latest analyst rating for Sinclair (NASDAQ:SBGI) was provided by Guggenheim, and Sinclair maintained their buy rating.
The last upgrade for Sinclair Inc happened on November 7, 2024 when Wells Fargo raised their price target to $19. Wells Fargo previously had an underweight for Sinclair Inc.
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.
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 November 19, 2024 so you should expect the next rating to be made available sometime around November 19, 2025.
While ratings are subjective and will change, the latest Sinclair (SBGI) rating was a maintained with a price target of $18.00 to $19.00. The current price Sinclair (SBGI) is trading at is $16.56, which is out of the analyst’s predicted range.
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