Guggenheim raised the firm’s price target on New York Times (NYT) to $70 from $63 and keeps a Neutral rating on the shares. The firm’s FY26 adjusted operating profit estimate is $625M, up slightly from $618M, primarily on the Q1 beat, but the firm expects the business to decelerate in the second half and 2027 and remains cautious on the long-term outlook and subscriber opportunity, the analyst tells investors.
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Read More on NYT:
- New York Times price target raised to $66 from $60 at Barclays
- New York Times price target raised to $87 from $84 at BofA
- Analyst Reiterates Hold on New York Times, Nudges Price Target Higher Amid Strong Results but Limited Upside
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