The Arena Group Holdings, Inc. (AREN)
NYSEAMERICAN: AREN · IEX Real-Time Price · USD
0.626
-0.058 (-8.51%)
Apr 18, 2024, 4:00 PM EDT - Market closed
The Arena Group Holdings Stock Forecast
AREN's stock price has decreased by -84.55% in the past year and price targets may not have had time to catch up.
Stock Price Forecast
The 1 analyst with a 12-month price forecast for AREN stock has a target of 11, which predicts an increase of 1,658.03% from the current stock price of 0.63.
Analyst Consensus: Strong Buy
* Price targets were last updated on May 11, 2023.
Analyst Ratings
According to 1 stock analyst, the rating for AREN is "Strong Buy". This means that the analyst believes this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Dec '22 | Jan '23 | Feb '23 | Mar '23 | Apr '23 | May '23 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1 | 1 | 1 | 1 | 1 | 1 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $13 → $11 | Strong Buy | Maintains | $13 → $11 | +1,658.03% | May 11, 2023 |
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $15 → $18 | Strong Buy | Maintains | $15 → $18 | +2,776.78% | Oct 7, 2022 |
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $18 → $20 | Strong Buy | Maintains | $18 → $20 | +3,016.51% | Apr 29, 2022 |
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $15 → $18 | Strong Buy | Maintains | $15 → $18 | +2,696.87% | Mar 29, 2022 |
| B. Riley Securities | B. Riley Securities | Strong Buy Initiates $15 | Strong Buy | Initiates | $15 | +2,297.32% | Mar 8, 2022 |
Financial Forecast
Revenue This Year
275.30M
from 244.20M
Increased by 12.73%
Revenue Next Year
473.39M
from 275.30M
Increased by 71.95%
EPS This Year
-1.25
from -2.49
EPS Next Year
0.30
from -1.25
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 283.4M | 487.3M |
| Avg | 275.3M | 473.4M |
| Low | 264.5M | 454.8M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 16.1% | 77.0% |
| Avg | 12.7% | 72.0% |
| Low | 8.3% | 65.2% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | -1.29 | 0.30 |
| Avg | -1.25 | 0.30 |
| Low | -1.21 | 0.28 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | - | - |
| Avg | - | - |
| Low | - | - |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.