Guggenheim Maintains Buy Rating for Audacy: Here's What You Need To Know

Guggenheim Maintains Buy Rating for Audacy: Here's What You Need To Know

Guggenheim has decided to maintain its Buy rating of Audacy AUD and lower its price target from $5.00 to $2.00.

Shares of Audacy are trading up 3.21% over the last 24 hours, at $0.64 per share.

A move to $2.00 would account for a 212.55% increase from the current share price.

About Audacy

Audacy Inc is a scaled, multi-platform audio content and entertainment company engaged in the segment of audio. It is a creator of original, premium audio. It brings people together around the news, sports, podcasts, and music that matter to them.

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: BZI-AAR-UPDATEAnalyst Ratings