Sinclair Stock (NASDAQ:SBGI), Analyst Ratings, Price Targets, Predictions

The latest price target for Sinclair (NASDAQ: SBGI) was reported by Wells Fargo on March 1, 2024. The analyst firm set a price target for $13.00 expecting SBGI to fall to within 12 months (a possible -12.69% downside). 6 analyst firms have reported ratings in the last year.

The latest analyst rating for Sinclair (NASDAQ: SBGI) was provided by Wells Fargo, and Sinclair maintained their underweight rating.

The last upgrade for Sinclair Inc happened on May 5, 2022 when Wells Fargo raised their price target to $33. Wells Fargo previously had an equal-weight for Sinclair Inc.

The last downgrade for Sinclair Inc happened on December 8, 2022 when JP Morgan changed their price target from $25 to $16 for Sinclair Inc.

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Sinclair, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Sinclair was filed on March 1, 2024 so you should expect the next rating to be made available sometime around March 1, 2025.

While ratings are subjective and will change, the latest Sinclair (SBGI) rating was a maintained with a price target of $12.00 to $13.00. The current price Sinclair (SBGI) is trading at is $14.89, which is out of the analyst’s predicted range.