As previously reported, Wedbush upgraded National CineMedia (NCMI) to Outperform from Neutral with a $7.50 price target The firm believes the company stands to gain from a strong box office environment beginning in Q2 through 2026, and from linear TV advertising dollars shifting toward CTV and highly targeted advertising mediums like cinema. National CineMedia is putting various measures in place to gain advertising market share, and the recent share price retreat has created a compelling valuation story, with 30% upside to Wedbush’s price target the firm adds.
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Read More on NCMI:
- National CineMedia upgraded to Outperform from Neutral at Wedbush
- National CineMedia Reintroduces Dividend and New Ad Offering
- National CineMedia’s Mixed Earnings Call: Growth Amid Challenges
- National CineMedia price target lowered to $7 from $8.25 at Barrington
- National CineMedia Reports 2024 Financial Results
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