Implied MDYV Analyst Target Price: $84
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 22 2024
0mins
Should l Buy TGNA?
Source: NASDAQ.COM
ETF Analyst Target Price Insights: The SPDR S&P 400 Mid Cap Value ETF (MDYV) has an implied analyst target price of $83.52, indicating a potential upside of 10.12% from its current trading price of $75.84.
Notable Holdings with Upside Potential: Key underlying holdings such as TEGNA Inc, National Fuel Gas Co., and Ciena Corp show significant upside to their respective analyst target prices, suggesting optimism among analysts regarding future stock performance.
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Analyst Views on TGNA
Wall Street analysts forecast TGNA stock price to rise
2 Analyst Rating
0 Buy
2 Hold
0 Sell
Hold
Current: 20.030
Low
22.00
Averages
22.00
High
22.00
Current: 20.030
Low
22.00
Averages
22.00
High
22.00
About TGNA
Tegna Inc. serves local communities across the United States through journalism, content, and tools to help people navigate their daily lives. The Company is a producer of local news, producing more than 1,700 hours of news per week. Through its network affiliation and local sports rights agreements, it carries sports content, which includes professional and collegiate sports and the Olympics. It also owns multicast networks True Crime Network and Quest. Each television station has a digital presence across online, mobile, connected television, streaming and social platforms, reaching consumers on all devices and platforms they use to consume news content. It delivers results for advertisers across television, digital, connected TV (CTV) and streaming app platforms, including Premion, its streaming app and CTV advertising network. Premion and Gray Television, Inc. (Gray) are in a commercial arrangement under which Gray resells Premion services across all of Gray’s television markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
NEXSTAR MEDIA INC. SETS EARLY SETTLEMENT DATE FOR TENDER OFFER AND CONSENT SOLICITATION OF TEGNA INC.’S 5.000% SENIOR NOTES DUE 2029
Announcement of Settlement Date: NEXSTAR MEDIA INC. has announced an early settlement date for its previously announced tender offer and consent solicitation.
Details of the Tender Offer: The tender offer pertains to all of Tegna Inc.'s 5.000% senior notes due in 2029.
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Vita Coco to Replace TEGNA in S&P SmallCap 600 Index
- Index Change Announcement: Vita Coco (COCO) is set to replace TEGNA (TGNA) in the S&P SmallCap 600 index on March 25, which is expected to enhance the company's market visibility and attract investor interest.
- Positive Stock Reaction: Following the announcement, Vita Coco's shares rose by 5% in after-hours trading, indicating strong market optimism regarding its inclusion in the index, which may further drive stock price appreciation.
- Anticipated Fund Inflows: Changes in index constituents typically lead to pre-effective date adjustments by funds tracking the benchmark, suggesting that more capital will flow into Vita Coco, thereby improving its market performance and liquidity.
- Impact of TEGNA Merger: TEGNA's removal from the index follows its $6.2 billion merger with Nexstar Media, reflecting a market reassessment of the post-merger company structure, which could influence its future stock performance.
See More
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- Index Composition Change: Vita Coco will replace TEGNA in the S&P SmallCap 600 prior to trading on March 25, reflecting market recognition of Vita Coco's growth potential, which may enhance its visibility in the market.
- Acquisition Impact: Nexstar Media Group's acquisition of TEGNA, which closed on March 20, will further expand Nexstar's market share in the media industry, strengthening its competitive position.
- Market Dynamics: This index adjustment may prompt investors to reassess Vita Coco, especially after its inclusion in the small-cap index, potentially attracting more institutional investors and driving its stock price higher.
- Strategic Significance: Vita Coco's inclusion in the S&P SmallCap 600 signifies an elevation in its market standing, indicating that the company is likely to receive increased capital inflows and brand exposure, supporting its long-term growth prospects.
See More
Vita Coco to Replace TEGNA in S&P SmallCap 600 Index
- Index Change: The Vita Coco Company will replace TEGNA in the S&P SmallCap 600 Index effective March 25, 2026, indicating a significant recognition of Vita Coco's market position.
- Acquisition Impact: Nexstar Media Group completed its acquisition of TEGNA on March 20, 2026, highlighting an intensifying trend of consolidation in the media industry that could reshape competitive dynamics.
- Sector Classification: Vita Coco will be classified under the Consumer Staples sector, while TEGNA will be removed to the Communication Services sector, reflecting shifting investor preferences across different industries.
- Market Reaction: This change may attract more investor attention to Vita Coco, enhancing its stock liquidity, while potentially exerting downward pressure on TEGNA's stock price, impacting its future market performance.
See More
Vita Coco to Replace TEGNA in S&P SmallCap 600 Index
- Index Change: The Vita Coco Company will replace TEGNA in the S&P SmallCap 600 Index effective March 25, 2026, enhancing Vita Coco's market visibility and investment appeal.
- Acquisition Impact: Nexstar Media Group completed its acquisition of TEGNA on March 20, 2026, indicating further consolidation in the media industry, which may affect the competitive landscape among related companies.
- Sector Classification: Vita Coco will be classified under Consumer Staples, while TEGNA will be removed to the Communication Services sector, reflecting shifts in market investment preferences across different fields.
- Market Reaction: This index adjustment is likely to attract investor attention towards Vita Coco, expected to increase its stock liquidity and potentially drive up its share price, further solidifying its position in the consumer goods market.
See More
S&P Dow Jones Indices: Vita Coco Company Inc. to Take Tegna Inc.'s Place in S&P SmallCap 600
- S&P Dow Jones Indices Update: The S&P Dow Jones Indices will replace Tegna Inc. with Vita Coco Company in the S&P Small Cap 600 index.
- Impact on Market: This change reflects ongoing adjustments in the index to better represent the market and its sectors.
See More
NEXSTAR MEDIA INC. SETS EARLY SETTLEMENT DATE FOR TENDER OFFER AND CONSENT SOLICITATION OF TEGNA INC.’S 5.000% SENIOR NOTES DUE 2029
Announcement of Settlement Date: NEXSTAR MEDIA INC. has announced an early settlement date for its previously announced tender offer and consent solicitation.
Details of the Tender Offer: The tender offer pertains to all of Tegna Inc.'s 5.000% senior notes due in 2029.
See More
Vita Coco to Replace TEGNA in S&P SmallCap 600 Index
- Index Change Announcement: Vita Coco (COCO) is set to replace TEGNA (TGNA) in the S&P SmallCap 600 index on March 25, which is expected to enhance the company's market visibility and attract investor interest.
- Positive Stock Reaction: Following the announcement, Vita Coco's shares rose by 5% in after-hours trading, indicating strong market optimism regarding its inclusion in the index, which may further drive stock price appreciation.
- Anticipated Fund Inflows: Changes in index constituents typically lead to pre-effective date adjustments by funds tracking the benchmark, suggesting that more capital will flow into Vita Coco, thereby improving its market performance and liquidity.
- Impact of TEGNA Merger: TEGNA's removal from the index follows its $6.2 billion merger with Nexstar Media, reflecting a market reassessment of the post-merger company structure, which could influence its future stock performance.
See More
Vita Coco to Replace TEGNA in S&P SmallCap 600
- Index Composition Change: Vita Coco will replace TEGNA in the S&P SmallCap 600 prior to trading on March 25, reflecting market recognition of Vita Coco's growth potential, which may enhance its visibility in the market.
- Acquisition Impact: Nexstar Media Group's acquisition of TEGNA, which closed on March 20, will further expand Nexstar's market share in the media industry, strengthening its competitive position.
- Market Dynamics: This index adjustment may prompt investors to reassess Vita Coco, especially after its inclusion in the small-cap index, potentially attracting more institutional investors and driving its stock price higher.
- Strategic Significance: Vita Coco's inclusion in the S&P SmallCap 600 signifies an elevation in its market standing, indicating that the company is likely to receive increased capital inflows and brand exposure, supporting its long-term growth prospects.
See More
Vita Coco to Replace TEGNA in S&P SmallCap 600 Index
- Index Change: The Vita Coco Company will replace TEGNA in the S&P SmallCap 600 Index effective March 25, 2026, indicating a significant recognition of Vita Coco's market position.
- Acquisition Impact: Nexstar Media Group completed its acquisition of TEGNA on March 20, 2026, highlighting an intensifying trend of consolidation in the media industry that could reshape competitive dynamics.
- Sector Classification: Vita Coco will be classified under the Consumer Staples sector, while TEGNA will be removed to the Communication Services sector, reflecting shifting investor preferences across different industries.
- Market Reaction: This change may attract more investor attention to Vita Coco, enhancing its stock liquidity, while potentially exerting downward pressure on TEGNA's stock price, impacting its future market performance.
See More
Vita Coco to Replace TEGNA in S&P SmallCap 600 Index
- Index Change: The Vita Coco Company will replace TEGNA in the S&P SmallCap 600 Index effective March 25, 2026, enhancing Vita Coco's market visibility and investment appeal.
- Acquisition Impact: Nexstar Media Group completed its acquisition of TEGNA on March 20, 2026, indicating further consolidation in the media industry, which may affect the competitive landscape among related companies.
- Sector Classification: Vita Coco will be classified under Consumer Staples, while TEGNA will be removed to the Communication Services sector, reflecting shifts in market investment preferences across different fields.
- Market Reaction: This index adjustment is likely to attract investor attention towards Vita Coco, expected to increase its stock liquidity and potentially drive up its share price, further solidifying its position in the consumer goods market.
See More
S&P Dow Jones Indices: Vita Coco Company Inc. to Take Tegna Inc.'s Place in S&P SmallCap 600
- S&P Dow Jones Indices Update: The S&P Dow Jones Indices will replace Tegna Inc. with Vita Coco Company in the S&P Small Cap 600 index.
- Impact on Market: This change reflects ongoing adjustments in the index to better represent the market and its sectors.
See More
