Cumulus Media Inc. (CMLS)
NASDAQ: CMLS · IEX Real-Time Price · USD
2.050
-0.050 (-2.38%)
At close: Jul 19, 2024, 4:00 PM
2.110
+0.060 (2.93%)
Pre-market: Jul 22, 2024, 7:18 AM EDT
Cumulus Media Stock Forecast
CMLS's stock price has decreased by -57.29% 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 Cumulus Media stock has a target of 11, which predicts an increase of 436.59% from the current stock price of 2.05.
Analyst Consensus: Buy
* Price targets were last updated on Jul 31, 2023.
Analyst Ratings
The average analyst rating for Cumulus Media stock from 3 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 2 | 2 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 3 | 3 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Noble Capital Markets | Noble Capital Markets | Buy → Hold Downgrades n/a | Buy → Hold | Downgrades | n/a | n/a | Feb 28, 2024 |
| Barrington Research | Barrington Research | Buy → Hold Downgrades n/a | Buy → Hold | Downgrades | n/a | n/a | Feb 28, 2024 |
| Barrington Research | Barrington Research | Buy Reiterates $8 | Buy | Reiterates | $8 | +290.24% | Feb 27, 2024 |
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $10 → $11 | Strong Buy | Maintains | $10 → $11 | +436.59% | Jul 31, 2023 |
| Barrington Research | Barrington Research | Buy Reiterates $8 | Buy | Reiterates | $8 | +290.24% | Jul 31, 2023 |
Financial Forecast
Revenue This Year
864.73M
from 844.55M
Increased by 2.39%
Revenue Next Year
862.26M
from 864.73M
Decreased by -0.29%
EPS This Year
-1.90
from -6.83
EPS Next Year
-2.68
from -1.90
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 893.0M | 887.9M | 916.6M |
| Avg | 864.7M | 862.3M | 890.4M |
| Low | 828.2M | 828.2M | 855.4M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 5.7% | 2.7% | 6.3% |
| Avg | 2.4% | -0.3% | 3.3% |
| Low | -1.9% | -4.2% | -0.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -1.85 | -2.44 | -1.31 |
| Avg | -1.90 | -2.68 | -1.28 |
| Low | -1.92 | -2.88 | -1.23 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| 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.