Tuesday Sector Leaders: Television & Radio, Home Furnishings & Improvement Stocks
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 12 2025
0mins
Source: NASDAQ.COM
Home Furnishings Sector Performance: Home furnishings and improvement stocks rose approximately 5.1%, with GrowGeneration increasing by 19.1% and Resideo Technologies by 12.9% on Tuesday.
Market Commentary Disclaimer: The opinions expressed in the article are those of the author and do not necessarily represent Nasdaq, Inc.
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Analyst Views on IHRT
Wall Street analysts forecast IHRT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IHRT is 4.25 USD with a low forecast of 3.50 USD and a high forecast of 5.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
0 Buy
2 Hold
2 Sell
Moderate Sell
Current: 3.190
Low
3.50
Averages
4.25
High
5.00
Current: 3.190
Low
3.50
Averages
4.25
High
5.00
About IHRT
iHeartMedia, Inc. is an audio company in the United States. The Company's segments include Multiplatform Group, Digital Audio Group and Audio & Media Services Group. The Multiplatform Group segment includes its Markets Group, which includes its 860+ broadcast radio stations in approximately 160 markets; its Events business, which includes both live and virtual events; its SmartAudio suite of data targeting and attribution products; Premiere Networks, which includes the Premiere Networks syndication business and Total Traffic and Weather Network; Black Information Network (BIN) and its National Sales Organization. The Digital Audio Group segment includes all of the Company's digital businesses, including podcasting, the iHeartRadio digital service, its digital advertising technology companies, its websites, newsletters and digital services and programs and its audio social media footprint. The Audio & Media Services Group segment includes Katz Media Group, and RCS Sound Software.
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.
iHeartMedia Partners with Qatar for Arabic Podcast Launch
- Arabic Podcast Debut: iHeartMedia will unveil its first Arabic podcast slate at the 2026 Web Summit Qatar, attracting over 30,000 tech and business leaders, marking a strategic expansion into the Arabic market.
- Live Recording Facilities: The event will feature an iHeartPodcasts recording studio, allowing top podcast talent to record episodes live, enhancing iHeart's influence and competitiveness in the global podcasting arena.
- Creative Economy Boost: The Qatari government states that this partnership aims to strengthen the creative economy and support the growth of digital industries, further solidifying Qatar's position as a global hub for media and content creation.
- Industry Leaders Participation: iHeart executives and renowned podcast talents like Questlove and Steven Bartlett will participate in various events, fostering knowledge exchange and innovation to drive the future of the podcast industry.
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Analysis of Oversold Stocks in Communication Services Sector
- iHeartMedia Downgrade: Goldman Sachs analyst downgraded iHeartMedia from Neutral to Sell, lowering the price target from $4 to $3.5, resulting in a 20% stock price drop over the past month, with an RSI of 29.6 indicating oversold conditions.
- Reddit Stock Performance: Guggenheim analyst reiterated a Buy rating for Reddit with a $245 price target, despite a 13% decline in stock price over the past five days, and an RSI of 28.8 suggesting potential for a rebound.
- Charter Communications Rating Adjustment: Wells Fargo downgraded Charter Communications from Equal-Weight to Underweight, reducing the price target from $240 to $180, leading to a 12% decline in stock price over the past month, with an RSI of 27.8 indicating significant oversold status.
- Market Trend Analysis: Benzinga Pro's charting tool highlights trends in these oversold stocks, providing investors with insights to assess short-term investment opportunities, particularly when RSI values fall below 30.
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