Gray Media Stock Forecast

Stock Price Forecast

According to 5 analysts polled by S&P Global, Gray Media stock has a consensus rating of "Buy" and an average price target of $6.50. The average 1-year stock price forecast is 62.09% higher than the current stock price, while the lowest is $3.00 (-25.19%) and the highest is $11 (+174.31%).

Price Target: $6.50 (+62.09%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$3.00	$6.50	$6.50	$11
Change	-25.19%	+62.09%	+62.09%	+174.31%

Analyst Ratings

The average analyst rating for Gray Media stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Nov '25	Jan '26	Feb '26	Mar '26	Apr '26	May '26
Strong Buy	2	2	2	2	2	2
Buy	1	1	1	1	1	1
Hold	1	1	1	1	1	1
Sell	0	0	0	0	0	0
Strong Sell	1	1	1	1	1	1
Total	5	5	5	5	5	5

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Curry Baker Guggenheim	Guggenheim	Buy Maintains $8 → $7	Buy	Maintains	$8 → $7	+74.56%	May 15, 2026
Patrick Sholl Barrington	Barrington	Buy Reiterates $6.5	Buy	Reiterates	$6.5	+62.09%	May 11, 2026
Steven Cahall Wells Fargo	Wells Fargo	Hold Maintains $5.5 → $6	Hold	Maintains	$5.5 → $6	+49.63%	Mar 2, 2026
Daniel Kurnos Benchmark Co.	Benchmark Co.	Buy Maintains $10 → $12	Buy	Maintains	$10 → $12	+199.25%	Feb 27, 2026

Financial Forecast

Revenue This Year

3.48B

from 3.10B

12.49%

from 3.10B

Revenue Next Year

3.09B

from 3.48B

-11.38%

from 3.48B

EPS This Year

2.72

from -1.02

EPS Next Year

-0.24

from 2.72

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	2.41B	3.68B	3.28B	3.64B	3.10B	3.48B
Revenue Growth	1.34%	52.34%	-10.75%	11.06%	-15.07%	12.49%
Operating Income	499.00M	988.00M	447.00M	871.00M	411.00M	776.85M
Net Income	90.00M	455.00M	-76.00M	375.00M	-85.00M	174.50M
EPS	-	-	-	-	-1.02	2.72
Forward PE	5.96	5.75	5.82	4.97	17.60	1.47
Free Cash Flow	110.75M	393.25M	409.38M	601.25M	279.63M	386.60M
No. Analysts	-	-	-	-	-	5

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue	2026	2027	2028
High	3.6B
Avg	3.5B
Low	3.4B

Revenue Growth

Revenue Growth	2026	2027	2028
High	15.4%
Avg	12.5%
Low	11.2%

EPS Forecast

EPS	2026	2027	2028
High	-
Avg	2.72
Low	-

EPS Growth

EPS Growth	2026	2027	2028
High	-
Avg	-
Low	-