Maxim Group analyst Tom Forte maintained a Buy rating on Newsmax Inc. Class B yesterday and set a price target of $20.00.
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Tom Forte has given his Buy rating due to a combination of factors that highlight Newsmax Inc.’s strong financial performance and strategic positioning. The company reported better-than-expected results for the third quarter of 2025, with both top- and bottom-line figures surpassing consensus estimates. This performance is particularly impressive given the challenging comparisons with the previous year’s U.S. presidential election period.
Newsmax’s ability to increase its affiliate fee revenue, which now accounts for a larger portion of total revenue, is a significant factor in Forte’s positive outlook. Additionally, the company maintains a solid cash position with no debt, which provides financial stability. The growing audience for Newsmax’s linear and digital channels, coupled with the public’s declining trust in traditional media, positions the company well for future growth. Forte’s $20 price target is supported by a DCF analysis, reflecting confidence in Newsmax’s continued success.