Salem Media Group, Inc. (SALM)
OTCMKTS: SALM · Delayed Price · USD
0.398
+0.018 (4.74%)
Apr 23, 2024, 3:45 PM EDT - Market closed
Salem Media Group Stock Forecast
SALM's stock price has decreased by -61.36% 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 Salem Media Group stock has a target of 4.50, which predicts an increase of 1,030.65% from the current stock price of 0.40.
Analyst Consensus: Strong Buy
* Price targets were last updated on May 10, 2023.
Analyst Ratings
According to 1 stock analyst, the rating for SALM 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 | Jan '23 | Feb '23 | Mar '23 | Apr '23 | May '23 |
|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 1 |
| Buy | 0 | 0 | 0 | 0 | 0 |
| Hold | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 2 | 2 | 2 | 1 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| EF Hutton | EF Hutton | Strong Buy Maintains $5 → $4.5 | Strong Buy | Maintains | $5 → $4.5 | +1,030.65% | May 10, 2023 |
| EF Hutton | EF Hutton | Strong Buy Maintains $6 → $5 | Strong Buy | Maintains | $6 → $5 | +1,156.28% | Nov 7, 2022 |
| EF Hutton | EF Hutton | Strong Buy Initiates $6 | Strong Buy | Initiates | $6 | +1,407.54% | Mar 8, 2022 |
| Spartan Securities Group | Spartan Securities Group | Strong Buy Initiates $6 | Strong Buy | Initiates | $6 | +1,407.54% | Dec 22, 2021 |
Financial Forecast
Revenue This Year
261.49M
from 266.97M
Decreased by -2.05%
Revenue Next Year
286.80M
from 261.49M
Increased by 9.68%
EPS This Year
-1.66
from -0.12
EPS Next Year
-0.01
from -1.66
Revenue Forecast
| Revenue | 2023 | 2024 |
|---|---|---|
| High | 269.2M | 295.2M |
| Avg | 261.5M | 286.8M |
| Low | 251.2M | 275.6M |
Revenue Growth
| Revenue Growth | 2023 | 2024 |
|---|---|---|
| High | 0.8% | 12.9% |
| Avg | -2.1% | 9.7% |
| Low | -5.9% | 5.4% |
EPS Forecast
| EPS | 2023 | 2024 |
|---|---|---|
| High | -1.71 | -0.01 |
| Avg | -1.66 | -0.01 |
| Low | -1.60 | -0.01 |
EPS Growth
| EPS Growth | 2023 | 2024 |
|---|---|---|
| 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.