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Cumulus Media (CMLS) Stock Forecast & Price Target

-0.04 (-1.87%)
(As of 07/18/2024 ET)

Cumulus Media - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 3 Wall Street analysts who have issued ratings for Cumulus Media in the last 12 months, the stock has a consensus rating of "Hold." Out of the 3 analysts, 2 have given a hold rating, and 1 has given a buy rating for CMLS.

Consensus Price Target

352.38% Upside
High Forecast$11.00
Average Forecast$9.50
Low Forecast$8.00

According to the 3 analysts' twelve-month price targets for Cumulus Media, the average price target is $9.50. The highest price target for CMLS is $11.00, while the lowest price target for CMLS is $8.00. The average price target represents a forecasted upside of 352.38% from the current price of $2.10.

TypeCurrent Forecast
7/19/23 to 7/18/24
1 Month Ago
6/19/23 to 6/18/24
3 Months Ago
4/20/23 to 4/19/24
1 Year Ago
7/19/22 to 7/19/23
Consensus Rating
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
1 Buy rating(s)
1 Buy rating(s)
1 Buy rating(s)
2 Buy rating(s)
2 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
0 Hold rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$9.50$9.50$9.50$13.67
Forecasted Upside352.38% Upside70.97% Upside70.97% Upside133.86% Upside
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CMLS Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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CMLS Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Cumulus Media Stock vs. The Competition

TypeCumulus MediaConsumer Discretionary CompaniesS&P 500
Consensus Rating Score
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside352.38% Upside125.51% Upside9.06% Upside
News Sentiment RatingNeutral News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
2/28/2024Barrington Research
4 of 5 stars
J. Goss
Subscribe to MarketBeat All Access for the recommendation accuracy rating
DowngradeOutperform ➝ Market Perform
2/28/2024Noble Financial
5 of 5 stars
 Reiterated RatingOutperform ➝ Market Perform
7/31/2023B. Riley
4 of 5 stars
 Boost TargetBuy$10.00 ➝ $11.00+74.05%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 09:58 PM ET.

CMLS Forecast - Frequently Asked Questions

What is Cumulus Media's forecast for 2024?

According to the research reports of 3 Wall Street equities research analysts, the average twelve-month stock price forecast for Cumulus Media is $9.50, with a high forecast of $11.00 and a low forecast of $8.00.

Should I buy or sell Cumulus Media stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cumulus Media in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" CMLS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CMLS, but not buy additional shares or sell existing shares.

Does Cumulus Media's stock price have much upside?

According to analysts, Cumulus Media's stock has a predicted upside of 70.97% based on their 12-month stock forecasts.

Do Wall Street analysts like Cumulus Media more than its competitors?

Analysts like Cumulus Media less than other "consumer discretionary" companies. The consensus rating for Cumulus Media is Hold while the average consensus rating for "consumer discretionary" companies is Moderate Buy. Learn more on how CMLS compares to other companies.

This page (NASDAQ:CMLS) was last updated on 7/18/2024 by Staff

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