New York Times (NYSE:NYT) Stock Price Expected to Rise, Citigroup Analyst Says

New York Times (NYSE:NYT) had its target price upped by research analysts at Citigroup from $77.00 to $94.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price target would indicate a potential upside of 10.48% from the stock’s current price.

NYT has been the topic of several other reports. Barclays raised their target price on shares of New York Times from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 20th. Wall Street Zen downgraded shares of New York Times from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. JPMorgan Chase & Co. raised their price objective on shares of New York Times from $71.00 to $74.00 and gave the stock an “overweight” rating in a report on Thursday, February 5th. Argus raised shares of New York Times to a “strong-buy” rating in a research report on Thursday, February 19th. Finally, Evercore reaffirmed an “outperform” rating on shares of New York Times in a research note on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.86.

New York Times Trading Up 1.1%

NYSE:NYT opened at $85.08 on Tuesday. New York Times has a 1 year low of $44.83 and a 1 year high of $85.61. The stock has a 50-day moving average price of $75.77 and a two-hundred day moving average price of $67.05. The stock has a market cap of $13.72 billion, a price-to-earnings ratio of 40.71, a PEG ratio of 2.61 and a beta of 1.09.

New York Times (NYSE:NYT) last released its quarterly earnings results on Wednesday, February 4th. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. New York Times had a return on equity of 20.73% and a net margin of 12.18%.The company had revenue of $802.31 million for the quarter, compared to analyst estimates of $791.55 million. During the same quarter last year, the firm posted $0.80 earnings per share. New York Times’s revenue was up 10.4% compared to the same quarter last year. Sell-side analysts forecast that New York Times will post 2.08 earnings per share for the current year.

Insider Activity

In other news, Chairman Arthur G. Sulzberger sold 13,000 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $79.95, for a total value of $1,039,350.00. Following the sale, the chairman owned 172,338 shares of the company’s stock, valued at $13,778,423.10. The trade was a 7.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP William Bardeen sold 13,000 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $79.56, for a total transaction of $1,034,280.00. Following the transaction, the executive vice president owned 18,681 shares of the company’s stock, valued at $1,486,260.36. The trade was a 41.03% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 27,913 shares of company stock worth $2,214,369 over the last ninety days. Insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On New York Times

A number of large investors have recently modified their holdings of the business. Quantbot Technologies LP grew its stake in New York Times by 233.4% in the third quarter. Quantbot Technologies LP now owns 63,083 shares of the company’s stock valued at $3,621,000 after purchasing an additional 44,161 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of New York Times by 28.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 142,642 shares of the company’s stock worth $8,188,000 after purchasing an additional 31,507 shares in the last quarter. Jump Financial LLC boosted its holdings in shares of New York Times by 362.7% in the 2nd quarter. Jump Financial LLC now owns 153,506 shares of the company’s stock valued at $8,593,000 after buying an additional 120,327 shares during the last quarter. Intech Investment Management LLC boosted its holdings in shares of New York Times by 143.6% in the 3rd quarter. Intech Investment Management LLC now owns 232,445 shares of the company’s stock valued at $13,342,000 after buying an additional 137,037 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of New York Times by 35.0% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 94,722 shares of the company’s stock valued at $5,428,000 after buying an additional 24,574 shares in the last quarter. 95.37% of the stock is currently owned by institutional investors and hedge funds.

More New York Times News

Here are the key news stories impacting New York Times this week:

• Positive Sentiment: Citigroup raised its price target on NYT to $94 and reiterated a Buy rating, giving analysts’ support for further upside and likely encouraging momentum buying. Citigroup Price Target Boost
• Positive Sentiment: A Zacks piece highlights NYT as a long-term momentum stock based on style scores, which may attract momentum-focused funds and retail buyers. Why NYT Is a Top Momentum Stock
• Positive Sentiment: Ongoing, high-profile breaking coverage — notably the LaGuardia plane collision and live reporting — likely boosts short-term traffic and subscription conversions, a recurring revenue tailwind for NYT. Deadly Plane Collision at LaGuardia: What We Know
• Neutral Sentiment: NYT continues to publish a wide range of content (arts, sports, investigations) that supports engagement but has mixed short-term revenue impact; examples include theatre and sports pieces. ‘Dog Day’ Drama
• Neutral Sentiment: Market context: trading volume is below its 3-month average and the stock sits well above its 200‑day and 50‑day moving averages — positive technicals but also reflects a higher valuation (P/E ~40.7), which could temper upside if growth slows.
• Negative Sentiment: Investigative reporting that implicates public agencies (e.g., “T.S.A. Tipped Off ICE Agents Before Arrests at San Francisco Airport”) can generate controversy and political backlash; while such pieces drive traffic, they also carry reputational and regulatory risk in polarized environments. T.S.A. Tipped Off ICE Agents

New York Times Company Profile

The New York Times Company is a publicly traded media organization best known for publishing The New York Times newspaper and operating the NYTimes.com digital platform. The company produces daily print and digital journalism covering national and international news, opinion pieces, feature stories, and multimedia content. Alongside its flagship newspaper, the firm offers a range of subscription-based services, including Times Cooking, NYT Games, podcasts and newsletters, designed to engage a broad audience of readers and advertisers.

Founded in 1851 by Henry Jarvis Raymond and George Jones, The New York Times has built a reputation for in-depth reporting and investigative journalism.