Cinemark Upgraded to Outperform by Wedbush with $37 Price Target

Wedbush analyst Alicia Reese has upgraded Cinemark (CNK) to Outperform from Neutral with a price target of $37, up from $32. Reese cites the company's strong box office performance and improving attendance trends as reasons for the upgrade.

Wedbush analyst Alicia Reese has upgraded Cinemark (CNK) to Outperform from Neutral with a price target of $37, up from $32. The upgrade reflects the company's strong box office performance and improving attendance trends [1]. Reese cited the more consistent release slate over the next several quarters as a key factor in the upgrade [2].

Reese noted that Cinemark's approach to theater investments, including the use of laser projectors, and its plans for new builds and potential mergers and acquisitions (M&A) opportunities, will help the company stay ahead of its competitors [2]. Additionally, the analyst expects Cinemark to return cash to shareholders in 2025 through a dividend and share repurchases [2].

The upgrade comes as the movie theater industry is expected to benefit from a more consistent box office environment over the next several quarters, although substantial growth is not anticipated in the near future [2]. Cinemark shares ended Friday's session down 0.2%, reflecting the market's reaction to the upgrade [3].

References:
[1] https://www.tipranks.com/news/the-fly/cinemark-upgraded-to-outperform-from-neutral-at-wedbush-thefly
[2] https://seekingalpha.com/news/4466800-wedbush-bullish-on-amc-and-cinemark-as-industry-recovers-movie-releases-stabilize
[3] https://www.morningstar.com/news/marketwatch/20250711269/amcs-stock-soars-lifted-by-wedbushs-upgrade-amid-an-improving-box-office