Cumulus Media Inc. (CMLS)
NASDAQ: CMLS · IEX Real-Time Price · USD
2.700
0.00 (0.00%)
Apr 23, 2024, 4:30 PM EDT - Market closed
Cumulus Media Stock Forecast
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 307.41% from the current stock price of 2.70.
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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 1 | 1 | 1 | 0 | 0 | 0 |
| Hold | 0 | 0 | 0 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 2 | 2 | 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 | +196.30% | Feb 27, 2024 |
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $10 → $11 | Strong Buy | Maintains | $10 → $11 | +307.41% | Jul 31, 2023 |
| Barrington Research | Barrington Research | Buy Reiterates $8 | Buy | Reiterates | $8 | +196.30% | Jul 31, 2023 |
Financial Forecast
Revenue This Year
880.41M
from 844.55M
Increased by 4.25%
Revenue Next Year
885.82M
from 880.41M
Increased by 0.61%
EPS This Year
-1.84
from -6.83
EPS Next Year
-2.00
from -1.84
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 910.1M | 919.6M | 965.6M | 911.7M | 932.4M |
| Avg | 880.4M | 885.8M | 938.0M | 885.7M | 905.8M |
| Low | 842.3M | 843.9M | 901.2M | 850.9M | 870.2M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 7.8% | 4.5% | 9.0% | -2.8% | 5.3% |
| Avg | 4.2% | 0.6% | 5.9% | -5.6% | 2.3% |
| Low | -0.3% | -4.1% | 1.7% | -9.3% | -1.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -1.29 | -1.65 | -0.63 |
| Avg | -1.84 | -2.00 | -0.61 |
| Low | -2.32 | -2.30 | -0.59 |
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.