B. Riley Just Raised Its Price Target on Cinemark (CNK) Stock

Core Viewpoint - The movie theater industry is currently facing challenges, but Cinemark Holdings (NYSE:CNK) is experiencing a positive shift in Wall Street sentiment, reflected in stock upgrades and increased price targets [1][2]. Company Performance - Analyst Eric Wold of B. Reilly Financial raised the price target for CNK stock from $16 to $27 and upgraded the rating from "neutral" to "buy," contributing to a rise in shares [2]. - Cinemark reported a net income of $25 million and adjusted EBITDA of $71 million, with a healthy margin of 12.2%. The company ended the quarter with $789 million in cash and plans to open 36 new screens over the next two years [7]. - Over the past six months, CNK stock has risen approximately 60%, outperforming its main competitor, AMC Entertainment, which has shown minimal growth during the same period [8]. Market Sentiment - There is growing optimism among analysts regarding Cinemark's growth prospects, with six out of seven surveyed analysts rating it as a buy, leading to a moderate buy consensus [9]. - InvestorPlace contributor Stavros Tousios highlighted Cinemark as a potential meme stock, noting its strong financials despite the industry's struggles [3][4].