Craig-Hallum analyst Jason Kreyer maintained a Buy rating on Stagwell on May 22. The company’s shares closed last Friday at $6.51.Meet Samuel – Your Personal Investing ProphetStart a conversation with TipRanks’ trusted, data-backed investment intelligence
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Kreyer covers the Communication Services sector, focusing on stocks such as Magnite, Stagwell, and Perion Network. According to TipRanks, Kreyer has an average return of 6.6% and a 41.21% success rate on recommended stocks.
Stagwell has an analyst consensus of Moderate Buy, with a price target consensus of $7.75, which is a 19.05% upside from current levels. In a report released on May 11, Needham also maintained a Buy rating on the stock with a $7.25 price target.
Based on Stagwell’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $704.14 million and a GAAP net loss of $12.97 million. In comparison, last year the company earned a revenue of $651.74 million and had a GAAP net loss of $2.92 million
