Craig-Hallum analyst Jason Kreyer maintained a Buy rating on Stagwell (STGW – Research Report) today. The company’s shares closed yesterday at $6.20.
According to TipRanks, Kreyer is a 4-star analyst with an average return of 4.4% and a 48.15% success rate. Kreyer covers the Communication Services sector, focusing on stocks such as Stagwell, Magnite, and comScore.
Stagwell has an analyst consensus of Moderate Buy, with a price target consensus of $7.50, a 20.97% upside from current levels. In a report released today, Needham also maintained a Buy rating on the stock with a $7.50 price target.
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The company has a one-year high of $9.23 and a one-year low of $3.83. Currently, Stagwell has an average volume of 846.2K.
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Stagwell (STGW) Company Description:
MDC Partners, Inc. engages in the provision of marketing, advertising, activation, communications and strategic consulting solutions. It operates through the following business segments: Global Integrated Agencies, Domestic Creative Agencies, Specialist Communications, Media Services, All Other, and Corporate. The Global Integrated Agencies segment offers a range of different services for its clients, including strategy, creative, and production for advertising campaigns across a variety of platforms such as print, digital, social media, and television broadcast. The Domestic Creative Agencies segment comprises of five partner firms that are national advertising agencies leveraging creative capabilities at its core. The Specialist Communications segment consists of five partner firms that are each communications agencies with core service offerings in public relations, and related communications services. The Media Services segment focuses on media buying and planning as its core competency. The All Other segment represents the remaining partner firms that provide a range of diverse marketing communication services but are not eligible for aggregation with the reportable segments. The Corporate segment deals with the client and business development support to the Partner Firms as well as certain strategic resources, including accounting, administrative, financial, real estate, human resource, and legal functions. The company was founded on December 19, 1986 and is headquartered in New York, NY.
Read More on STGW:
- Stagwell partners with Google Cloud for generative AI solutions
- Stagwell price target raised to $11 from $10 at B. Riley
- Stagwell sees FY23 adjusted EPS 73c-78c, consensus 78c
- Stagwell reports Q3 adjusted EPS 18c, consensus 21c
- STAGWELL INC. (NASDAQ: STGW) REPORTS RESULTS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2023
