Gray Media Analysts Boost Forecasts Following Q3 Results

Gray Media reported Q3 losses of 24 cents per share, beating the analyst consensus estimate of losses of 34 cents per share. Quarterly sales were $749 million, beating estimates of $745.047 million. The company sees FY2025 sales of $3.07 billion to $3.085 billion, below market estimates of $3.109 billion. Analysts raised their price targets on the stock, with Wells Fargo boosting its target to $5.5 and Benchmark to $10.