TEGNA Stock Soars 23.22% on Analyst Price Target Adjustment

On April 14, 2025, TEGNA's stock surged by 23.22% in pre-market trading, marking a significant rise that has caught the attention of investors and analysts alike.

Guggenheim analyst Curry Baker recently adjusted the price target for TEGNA, reducing it from $22 to $20 while maintaining a Buy rating. This adjustment reflects the ongoing challenges in the company's core advertising sector, which have intensified since March and continued into April. Despite these headwinds, Baker emphasizes TEGNA's strong financial position, suggesting that the company is well-positioned to benefit from potential deregulation opportunities in the future.

Analysts' forecasts for TEGNA's one-year price targets range from $19 to $23, with an average target of $21.20. This average target implies a potential upside of 33.59% from the current price. Additionally, the consensus recommendation from brokerage firms indicates an "Outperform" status for TEGNA, with a rating scale ranging from 1 (Strong Buy) to 5 (Sell).