Gray Television (GTN) Stock Forecast, Price Target & Predictions


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GTN Stock Forecast


Gray Television stock forecast is as follows: an average price target of $7.00 (represents a 60.55% upside from GTN’s last price of $4.36) and a rating consensus of 'Buy', based on 3 wall street analysts offering a 1-year stock forecast.

GTN Price Target


The average price target for Gray Television (GTN) is $7.00 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $7.00 to $7.00. This represents a potential 60.55% upside from GTN's last price of $4.36.

GTN Analyst Ratings


Buy

According to 3 Wall Street analysts, Gray Television's rating consensus is 'Buy'. The analyst rating breakdown for GTN stock is 0 'Strong Buy' (0.00%), 3 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Gray Television Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 11, 2024Alan GouldLoop Capital Markets--22.38%60.55%
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The latest Gray Television stock forecast, released on Nov 11, 2024 by Alan Gould from Loop Capital Markets, set a price target of $7.00, which represents a 22.38% increase from the stock price at the time of the forecast ($5.72), and a 60.55% increase from GTN last price ($4.36).

Gray Television Price Target by Period


1M3M12M
# Anlaysts111
Avg Price Target$7.00$7.00$7.00
Last Closing Price$4.36$4.36$4.36
Upside/Downside60.55%60.55%60.55%

In the current month, the average price target of Gray Television stock is $7.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 60.55% increase as opposed to Gray Television's last price of $4.36. This month's average price target is down 0.00% compared to last quarter, and down 0.00% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Nov 11, 2024Loop Capital MarketsBuyBuyHold
Oct 14, 2024BenchmarkBuyBuyHold
Aug 09, 2024BenchmarkBuyBuyHold
Feb 28, 2022Wells FargoOverweightOverweightHold
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Gray Television's last stock rating was published by Loop Capital Markets on Nov 11, 2024. The company gave GTN a "Buy" rating, the same as its previous rate.

Gray Television Financial Forecast


Gray Television Revenue Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17
Revenue---------$803.00M$813.00M$801.00M$1.07B$909.00M$868.00M$827.00M$721.00M$601.00M$547.00M$544.00M$792.00M$604.00M$451.00M$534.00M$579.00M$517.00M$508.00M$518.00M$226.26M$203.46M
Avg Forecast$836.66M$793.77M$795.67M$801.91M$1.08B$967.49M$840.33M$824.98M$863.31M$798.46M$797.17M$788.22M$1.04B$950.99M$854.97M$805.23M$644.20M$591.41M$541.43M$533.51M$748.37M$581.88M$440.82M$545.65M$554.85M$514.46M$508.79M$498.42M$164.58M$167.86M
High Forecast$863.19M$818.93M$820.90M$827.33M$1.11B$976.66M$840.33M$824.98M$863.56M$798.58M$822.45M$813.21M$1.08B$950.99M$854.97M$805.23M$644.20M$591.41M$541.43M$533.51M$748.37M$581.88M$440.82M$545.65M$554.85M$514.46M$508.79M$498.42M$197.50M$201.43M
Low Forecast$822.28M$780.12M$781.99M$788.12M$1.06B$958.32M$840.33M$824.98M$863.06M$798.33M$783.47M$774.67M$1.02B$950.99M$854.97M$805.23M$644.20M$591.41M$541.43M$533.51M$748.37M$581.88M$440.82M$545.65M$554.85M$514.46M$508.79M$498.42M$131.67M$134.28M
# Analysts1112314454443333444463332234711
Surprise %---------1.01%1.02%1.02%1.03%0.96%1.02%1.03%1.12%1.02%1.01%1.02%1.06%1.04%1.02%0.98%1.04%1.00%1.00%1.04%1.37%1.21%

Gray Television's average Quarter revenue forecast for Dec 23 based on 5 analysts is $863.31M, with a low forecast of $863.06M, and a high forecast of $863.56M. GTN's average Quarter revenue forecast represents a 7.51% increase compared to the company's last Quarter revenue of $803.00M (Sep 23).

Gray Television EBITDA Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17
# Analysts1112314454443333444463332234711
EBITDA---------$195.00M$119.00M$159.00M$451.00M$339.00M$313.00M$254.00M$176.00M$180.00M$160.00M$158.00M$409.00M$262.00M$113.00M$173.00M$211.00M$184.00M$175.00M$92.00M$74.25M$67.51M
Avg Forecast$256.67M$243.51M$244.10M$246.01M$331.05M$296.81M$257.80M$184.40M$264.85M$244.95M$244.56M$167.63M$235.71M$299.00M$268.81M$152.39M$202.54M$185.95M$170.23M$89.10M$235.30M$182.95M$138.60M$174.41M$174.45M$161.75M$159.97M$77.52M$46.92M$50.77M
High Forecast$264.81M$251.23M$251.84M$253.81M$341.54M$299.62M$257.80M$221.28M$264.93M$244.99M$252.31M$201.16M$282.86M$299.00M$268.81M$182.87M$202.54M$185.95M$170.23M$106.92M$235.30M$182.95M$138.60M$209.29M$174.45M$161.75M$159.97M$93.02M$56.30M$60.93M
Low Forecast$252.26M$239.33M$239.90M$241.78M$325.36M$294.00M$257.80M$147.52M$264.77M$244.92M$240.35M$134.11M$188.57M$299.00M$268.81M$121.92M$202.54M$185.95M$170.23M$71.28M$235.30M$182.95M$138.60M$139.53M$174.45M$161.75M$159.97M$62.02M$37.54M$40.62M
Surprise %---------0.80%0.49%0.95%1.91%1.13%1.16%1.67%0.87%0.97%0.94%1.77%1.74%1.43%0.82%0.99%1.21%1.14%1.09%1.19%1.58%1.33%

5 analysts predict GTN's average Quarter EBITDA for Dec 23 to be $264.85M, with a high of $264.93M and a low of $264.77M. This is 35.82% upper than Gray Television's previous annual EBITDA (Sep 23) of $195.00M.

Gray Television Net Income Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17
# Analysts1112314454443333444463332234711
Net Income---------$-40.00M$4.00M$-31.00M$186.00M$108.00M$99.00M$62.00M$29.00M$-17.00M$39.00M$39.00M$224.00M$122.00M$11.00M$53.00M$94.00M$59.00M$44.00M$-18.00M$19.95M$10.51M
Avg Forecast$-14.06M$-15.00M$-13.68M$-25.89M$126.59M$91.96M$8.73M$38.78M$-15.24M$-30.07M$-18.57M$35.25M$37.98M$135.34M$83.61M$32.05M$50.24M$36.29M$28.94M$21.45M$186.12M$85.08M$-8.64M$51.64M$52.53M$30.72M$32.16M$-13.68M$12.47M$8.28M
High Forecast$-13.74M$-14.67M$-13.37M$-25.31M$131.80M$95.75M$9.09M$46.53M$-13.25M$-29.40M$-18.15M$42.30M$45.57M$135.34M$83.61M$38.46M$50.24M$36.29M$28.94M$25.74M$186.12M$85.08M$-8.64M$61.97M$52.53M$30.72M$32.16M$-10.94M$14.96M$9.93M
Low Forecast$-14.63M$-15.62M$-14.24M$-26.95M$123.76M$89.90M$8.53M$31.02M$-16.57M$-31.31M$-19.33M$28.20M$30.38M$135.34M$83.61M$25.64M$50.24M$36.29M$28.94M$17.16M$186.12M$85.08M$-8.64M$41.31M$52.53M$30.72M$32.16M$-16.42M$9.97M$6.62M
Surprise %---------1.33%-0.22%-0.88%4.90%0.80%1.18%1.93%0.58%-0.47%1.35%1.82%1.20%1.43%-1.27%1.03%1.79%1.92%1.37%1.32%1.60%1.27%

Gray Television's average Quarter net income forecast for Sep 23 is $-30.07M, with a range of $-31.31M to $-29.40M. GTN's average Quarter net income forecast represents a -851.75% decrease compared to the company's last Quarter net income of $4.00M (Jun 23).

Gray Television SG&A Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17
# Analysts1112314454443333444463332234711
SG&A---------$23.00M-$26.00M$23.00M$27.00M$25.00M$28.00M$84.00M$32.00M$25.00M$18.00M$18.00M$15.00M$17.00M$15.00M$21.00M$14.00M$21.00M$48.00M$8.26M$7.71M
Avg Forecast$29.23M$27.73M$27.79M$28.01M$37.70M$33.80M$29.35M$28.82M$30.16M$27.89M$27.85M$27.53M$110.00M$33.22M$29.87M$28.13M$22.50M$20.66M$18.91M$9.90M$26.14M$20.33M$15.40M$14.62M$19.38M$17.97M$17.77M$36.48M$5.16M$6.07M
High Forecast$30.15M$28.61M$28.68M$28.90M$38.89M$34.12M$29.35M$28.82M$30.17M$27.90M$28.73M$28.41M$132.00M$33.22M$29.87M$28.13M$22.50M$20.66M$18.91M$11.88M$26.14M$20.33M$15.40M$17.54M$19.38M$17.97M$17.77M$43.78M$6.20M$7.29M
Low Forecast$28.72M$27.25M$27.32M$27.53M$37.05M$33.48M$29.35M$28.82M$30.15M$27.89M$27.37M$27.06M$88.00M$33.22M$29.87M$28.13M$22.50M$20.66M$18.91M$7.92M$26.14M$20.33M$15.40M$11.69M$19.38M$17.97M$17.77M$29.18M$4.13M$4.86M
Surprise %---------0.82%-0.94%0.21%0.81%0.84%1.00%3.73%1.55%1.32%1.82%0.69%0.74%1.10%1.03%1.08%0.78%1.18%1.32%1.60%1.27%

Gray Television's average Quarter SG&A projection for Dec 23 is $30.16M, based on 5 Wall Street analysts, with a range of $30.15M to $30.17M. The forecast indicates a 31.12% rise compared to GTN last annual SG&A of $23.00M (Sep 23).

Gray Television EPS Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17
# Analysts1112314454443333444463332234711
EPS---------$-0.43$0.04$-0.34$1.90$1.04$0.92$0.53$0.31$-0.18$0.27$0.28$2.24$1.15$-0.02$0.41$0.82$0.46$0.31$-0.18$0.22$0.15
Avg Forecast$-0.14$-0.15$-0.14$-0.27$1.30$0.95$0.09$0.25$-0.16$-0.31$-0.19$-0.29$1.78$1.41$0.87$0.37$0.52$0.38$0.30$0.18$1.94$0.89$-0.09$0.37$0.55$0.32$0.34$-0.25$0.10$0.05
High Forecast$-0.14$-0.15$-0.14$-0.26$1.36$0.99$0.09$0.26$-0.14$-0.30$-0.19$-0.28$1.87$1.41$0.87$0.37$0.52$0.38$0.30$0.18$1.94$0.89$-0.09$0.37$0.55$0.32$0.34$-0.25$0.12$0.06
Low Forecast$-0.15$-0.16$-0.15$-0.28$1.28$0.93$0.09$0.24$-0.17$-0.32$-0.20$-0.30$1.69$1.41$0.87$0.37$0.52$0.38$0.30$0.18$1.94$0.89$-0.09$0.37$0.55$0.32$0.34$-0.25$0.08$0.04
Surprise %---------1.39%-0.22%1.18%1.07%0.74%1.06%1.41%0.59%-0.48%0.90%1.56%1.16%1.30%0.22%1.10%1.50%1.44%0.93%0.73%2.20%3.00%

According to 4 Wall Street analysts, Gray Television's projected average Quarter EPS for Sep 23 is $-0.31, with a low estimate of $-0.32 and a high estimate of $-0.30. This represents a -820.93% decrease compared to GTN previous annual EPS of $0.04 (Jun 23).

Gray Television Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
IHRTiHeartMedia--104.08%Buy
GTNGray Television--60.55%Buy
LSXMAFormula One Group--32.35%Buy

GTN Forecast FAQ


Is Gray Television a good buy?

Yes, according to 3 Wall Street analysts, Gray Television (GTN) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 3 'Buy' recommendations, accounting for 100.00% of GTN's total ratings.

What is GTN's price target?

Gray Television (GTN) average price target is $7 with a range of $7 to $7, implying a 60.55% from its last price of $4.36. The data is based on 3 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Gray Television stock go up soon?

According to Wall Street analysts' prediction for GTN stock, the company can go up by 60.55% (from the last price of $4.36 to the average price target of $7), up by 60.55% based on the highest stock price target, and up by 60.55% based on the lowest stock price target.

Can Gray Television stock reach $7?

GTN's average twelve months analyst stock price target of $7 does not support the claim that Gray Television can reach $7 in the near future.

What is Gray Television's current price target trend?

1 Wall Street analyst forecast a $7 price target for Gray Television (GTN) this month, up 60.55% from its last price of $4.36. Compared to the last 3 and 12 months, the average price target increased by 60.55% and increased by 60.55%, respectively.

What are Gray Television's analysts' financial forecasts?

Gray Television's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $3.71B (high $3.76B, low $3.68B), average EBITDA is $1.07B (high $1.12B, low $1.02B), average net income is $266.05M (high $283.17M, low $253.21M), average SG&A $129.67M (high $131.18M, low $128.7M), and average EPS is $2.59 (high $2.7, low $2.53). GTN's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $3.23B (high $3.33B, low $3.17B), average EBITDA is $990.3M (high $1.02B, low $973.27M), average net income is $-68.624M (high $-67.089M, low $-71.451M), average SG&A $112.76M (high $116.34M, low $110.82M), and average EPS is $-0.707 (high $-0.692, low $-0.737).

Did the GTN's actual financial results beat the analysts' financial forecasts?

Based on Gray Television's last annual report (Dec 2023), the company's revenue was $3.28B, beating the average analysts forecast of $3.25B by 1.04%. Apple's EBITDA was $383M, missing the average prediction of $922M by -58.46%. The company's net income was $-76M, beating the average estimation of $-28.628M by 165.48%. Apple's SG&A was $0, missing the average forecast of $113.43M by -100.00%. Lastly, the company's EPS was $-0.83, missing the average prediction of $-0.946 by -12.24%. In terms of the last quarterly report (Sep 2023), Gray Television's revenue was $803M, beating the average analysts' forecast of $798.46M by 0.57%. The company's EBITDA was $195M, missing the average prediction of $244.95M by -20.39%. Gray Television's net income was $-40M, beating the average estimation of $-30.07M by 33.02%. The company's SG&A was $23M, missing the average forecast of $27.89M by -17.54%. Lastly, the company's EPS was $-0.43, beating the average prediction of $-0.31 by 38.71%