Gray Television’s stock price has received a welcome bump in its 1-year target price, courtesy of analysts at Benchmark Securities, home to Dan Kurnos.
Following this week’s release of the company’s Q1 2024 earnings report, Benchmark hiked the target price on “GTN” to $13, from $11.
The firm currently has a “buy” rating on the stock.
Benchmark’s price objective suggests a potential upside of 82.46% from the company’s current price.
The $13 price target is aggressive, compared to that of Wells Fargo, which also increased its year-end valuation expectation for “GTN.” However, Wells Fargo’s new target price for Gray is $6, up from $5.50.
Based on data from MarketBeat.com, Gray Television has a consensus rating of “Hold” and an average target price of $11.40.
