Gray Media Analysts Boost Their Forecasts After Better-Than-Expected Q3 Results

Core Insights - Gray Media, Inc. reported better-than-expected results for Q3, with losses of 24 cents per share, surpassing the analyst consensus estimate of 34 cents per share [1] - The company achieved quarterly sales of $749 million, exceeding the analyst consensus estimate of $745.047 million [1] - For FY2025, Gray Media projects sales between $3.070 billion and $3.085 billion, which is below market estimates of $3.109 billion [1] Stock Performance - Following the earnings announcement, Gray Media shares increased by 1.6%, trading at $4.8950 [2] Analyst Ratings and Price Targets - Wells Fargo analyst Steven Cahall maintained an Equal-Weight rating on Gray Media and raised the price target from $5 to $5.5 [4] - Benchmark analyst Daniel L. Kurnos maintained a Buy rating and increased the price target from $9 to $10 [4]