B+
Bull case
20%
Probability
Target price
$28.00
-11.0% vs current
Consensus is mixed-to-neutral with median targets near the mid‑$20s. Short-term sentiment hinges on the upcoming earnings print; longer-term tone depends on digital adoption and share actions.
No evidence quality warning is currently attached to this memo.
Quarterly print will drive near-term re-rating; focus on ad demand, CPMs and 2026 guidance. Date is a conservative estimate in absence of a published calendar.
Seasonal ad-volume shifts or CPM pressure could prompt revisions and short-term downside; timing set as a 90-day window.
Structural growth from digital inventory and large contract wins could lift revenue and multiple over a 12‑month horizon; timing remains uncertain.
No formal recommendation provided.