JPMorgan Chase & Co. Raises New York Times (NYSE:NYT) Price Target to $82.00

Key Points

• JPMorgan Chase & Co. raised its price target on New York Times to $82 from $74 and kept an overweight rating, implying about 9.2% upside from the current price.
• Overall analyst sentiment remains constructive: the stock has a Moderate Buy consensus, with an average target price of $81.67 and several firms recently increasing their targets.
• New York Times recently posted better-than-expected quarterly results, beating EPS and revenue estimates and delivering 12% year-over-year revenue growth, though insider selling has also been notable in recent months.

New York Times (NYSE:NYT - Get Free Report) had its price objective upped by stock analysts at JPMorgan Chase & Co. from $74.00 to $82.00 in a report released on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 9.21% from the company's current price.

Several other equities analysts have also recently issued reports on the company. Guggenheim lifted their price objective on New York Times from $63.00 to $70.00 and gave the company a "neutral" rating in a research note on Thursday, May 7th. Evercore reiterated an "outperform" rating and issued a $92.00 price objective on shares of New York Times in a research note on Thursday, May 7th. Bank of America started coverage on New York Times in a research note on Wednesday, April 22nd. They issued a "neutral" rating and a $84.00 price objective for the company. Argus raised New York Times to a "strong-buy" rating in a research report on Thursday, February 19th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of New York Times in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $81.67.

New York Times Stock Performance

Shares of NYT traded up $0.08 during midday trading on Friday, hitting $75.08. The company had a trading volume of 305,867 shares, compared to its average volume of 2,199,896. The company's 50-day simple moving average is $79.94 and its 200-day simple moving average is $74.09. The firm has a market capitalization of $12.15 billion, a P/E ratio of 32.13, a P/E/G ratio of 1.56 and a beta of 0.98. New York Times has a 1 year low of $51.03 and a 1 year high of $87.10.

New York Times (NYSE:NYT - Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.12. The business had revenue of $712.24 million during the quarter, compared to analysts' expectations of $699.93 million. New York Times had a return on equity of 22.02% and a net margin of 13.18%.The business's quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 EPS. Equities analysts predict that New York Times will post 2.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP William Bardeen sold 13,000 shares of the business's stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $79.56, for a total value of $1,034,280.00. Following the completion of the sale, the executive vice president directly owned 18,681 shares of the company's stock, valued at approximately $1,486,260.36. The trade was a 41.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David S. Perpich sold 9,000 shares of the business's stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $77.06, for a total value of $693,540.00. Following the completion of the sale, the director owned 28,469 shares of the company's stock, valued at approximately $2,193,821.14. This represents a 24.02% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 39,121 shares of company stock valued at $3,087,990. 1.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On New York Times

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its stake in New York Times by 35.3% in the fourth quarter. AQR Capital Management LLC now owns 6,241,489 shares of the company's stock valued at $433,284,000 after buying an additional 1,628,200 shares during the last quarter. Wellington Management Group LLP lifted its stake in New York Times by 9.3% in the fourth quarter. Wellington Management Group LLP now owns 5,211,824 shares of the company's stock valued at $361,805,000 after buying an additional 441,851 shares during the last quarter. Berkshire Hathaway Inc purchased a new stake in New York Times in the fourth quarter valued at approximately $351,664,000. State Street Corp lifted its stake in New York Times by 2.4% in the fourth quarter. State Street Corp now owns 5,027,198 shares of the company's stock valued at $348,988,000 after buying an additional 116,012 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in New York Times by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 3,922,565 shares of the company's stock valued at $272,347,000 after buying an additional 50,389 shares during the last quarter. Hedge funds and other institutional investors own 95.37% of the company's stock.

Key Headlines Impacting New York Times

Here are the key news stories impacting New York Times this week:

• Positive Sentiment: The company continues to benefit from sustained interest in its core news coverage and The Athletic, with multiple high-profile articles published over the last 24–36 hours likely supporting subscription engagement and ad traffic. Prices in the U.S. Are Rising at the Fastest Pace in Years
• Positive Sentiment: Recent coverage spans major political, global, technology, and sports topics, including inflation, Middle East conflict, AI, and live sports updates, reinforcing The New York Times Company’s broad audience reach and diversified content mix. Anthropic Tops OpenAI to Become the World’s Most Valuable A.I. Start-Up
• Neutral Sentiment: The company’s own financial profile remains solid: it recently beat earnings expectations, posted year-over-year revenue growth, and maintained healthy margins, which likely continues to underpin investor confidence.
• Negative Sentiment: A report alleging The New York Times used AI to surveil unionized employees could renew scrutiny around labor practices and employee relations, potentially creating reputational and legal risk. New York Times accused of using AI to spy on unionized employees

New York Times Company Profile

The New York Times Company is a publicly traded media organization best known for publishing The New York Times newspaper and operating the NYTimes.com digital platform. The company produces daily print and digital journalism covering national and international news, opinion pieces, feature stories, and multimedia content. Alongside its flagship newspaper, the firm offers a range of subscription-based services, including Times Cooking, NYT Games, podcasts and newsletters, designed to engage a broad audience of readers and advertisers.

Founded in 1851 by Henry Jarvis Raymond and George Jones, The New York Times has built a reputation for in-depth reporting and investigative journalism.

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