Clear Channel Outdoor (CCO) Stock Forecast & Price Target

$1.65

+0.01 (+0.61%)

(As of 07/26/2024 ET)

Clear Channel Outdoor - 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

Moderate Buy
Based on 4 Analyst Ratings

Based on 4 Wall Street analysts who have issued ratings for Clear Channel Outdoor in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 4 analysts, 2 have given a hold rating, and 2 have given a buy rating for CCO.

Consensus Price Target

$2.16
31.06% Upside

High Forecast	$2.75
Average Forecast	$2.16
Low Forecast	$1.40

According to the 4 analysts' twelve-month price targets for Clear Channel Outdoor, the average price target is $2.16. The highest price target for CCO is $2.75, while the lowest price target for CCO is $1.40. The average price target represents a forecasted upside of 31.06% from the current price of $1.65.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)	1 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$2.16	$2.16	$2.16	$2.13
Forecasted Upside	31.06% Upside	34.32% Upside	24.64% Upside	42.83% Upside

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CCO 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.

CCO 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.

Clear Channel Outdoor Stock vs. The Competition

Type	Clear Channel Outdoor	Business Services Companies	S&P 500
Consensus Rating Score	2.50	2.64	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	31.06% Upside	129.24% Upside	9.10% Upside
News Sentiment Rating	Neutral News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
5/28/2024	Barrington Research 4 of 5 stars	Reiterated Rating	Outperform ➝ Outperform	$2.50 ➝ $2.50	+70.65%
2/28/2024	Morgan Stanley 3 of 5 stars	Boost Target	Equal Weight ➝ Equal Weight	$1.50 ➝ $2.00	+9.59%
12/20/2023	Wells Fargo & Company 3 of 5 stars	Upgrade	Equal Weight ➝ Overweight	$1.50 ➝ $2.75	+63.69%
8/29/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$1.50 ➝ $1.40	-4.76%
8/15/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$3.50	+95.53%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 01:25 AM ET.

CCO Forecast - Frequently Asked Questions

What is Clear Channel Outdoor's forecast for 2024?: According to the research reports of 4 Wall Street equities research analysts, the average twelve-month stock price forecast for Clear Channel Outdoor is $2.16, with a high forecast of $2.75 and a low forecast of $1.40.
Should I buy or sell Clear Channel Outdoor stock right now?: 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Clear Channel Outdoor in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CCO shares.
Does Clear Channel Outdoor's stock price have much upside?: According to analysts, Clear Channel Outdoor's stock has a predicted upside of 34.32% based on their 12-month stock forecasts.
What analysts cover Clear Channel Outdoor?: Clear Channel Outdoor has been rated by research analysts at Barrington Research in the past 90 days.
Do Wall Street analysts like Clear Channel Outdoor more than its competitors?: Analysts like Clear Channel Outdoor less than other "business services" companies. The consensus rating score for Clear Channel Outdoor is 2.50 while the average consensus rating score for "business services" companies is 2.64. Learn more on how CCO compares to other companies.