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Research Alert: CFRA Keeps Hold Opinion On Shares Of The New York Times Company
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Research Alert: CFRA Keeps Hold Opinion On Shares Of The New York Times Company
Nov 7, 2025 7:26 AM

09:50 AM EST, 11/07/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lift our 12-month price target by $2 to $70, 28x our 2026 EPS estimate (up $0.07 to $2.49) and within the 18x-32x three-year range. We raise our 2025 EPS view to $2.38 from $2.30, reflecting consistent subscriber growth and higher advertising revenue momentum that outpaced industry trends in Q3. Management expects 13%-16% subscriber growth in Q4, consistent with prior quarters, while digital advertising revenue continues to benefit from strong marketer demand and expanded inventory. However, we think this sets a high bar for expectations, particularly as the company faces potential headwinds from consumer spending pressures that could impact both subscription retention and advertising budgets. We reiterate our Hold opinion, balancing enthusiasm for NYT's digital transformation against margin sustainability concerns from rising content costs. While subscriber and advertising momentum is encouraging, we await clarity on growth rate sustainability in a challenging macroeconomic environment.

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