SBGI Similar Chart Price Prediction
The price of SBGI is predicted to go up 8.06%, based on the high correlation periods with PUBM. The similarity of these two price pattern on the periods is 96.76%.
SBGI
PUBM
Up: 8.06%Similarity: 96.76%
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SBGI VS S&P500
Pay-TV distributors are reluctant to challenge Sinclair on rate increases due to Sinclair's content and scale.
Sinclair's ownership of the Tennis Channel and stakes in the Marquee Sports and YES Networks give it valuable premium content.
Sinclair can take advantage of the increased politization in US elections through increasing political advertising revenue during election cycles.
SBGI Analyst's Forecast
Curry Baker
Guggenheim
Strong Buy
2024-11-19
Price Target
$18 → $19
Upside
+16.14%
Guggenheim raised the firm's price target on Sinclair to $19 from $18 and keeps a Buy rating on the shares after having updated the firm's model to reflect Q3 results and forward-looking commentary. The firm's model reflects crowd-out and modest advertising headwinds in Q4, modest retrans growth for 2024, and strong political performance, the analyst noted.
Daniel Kurnos
Benchmark
Strong Buy
2024-09-23
Price Target
$29 → $30
Upside
+108.62%
