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Stingray Digit SV ( ($TSE:RAY.A) ) has shared an announcement.
Stingray Group Inc. reported a strong start to fiscal 2026, with a 7.4% increase in revenues to $95.6 million and a 53% growth in adjusted net income. The company attributed its success to robust organic growth in broadcast and commercial music revenues, driven by FAST channel sales and strategic vendor partnerships. Despite some project delays, Stingray achieved a significant adjusted EBITDA of $33.7 million and announced the acquisition of The Singing Machine Company to enhance its karaoke offerings.
The most recent analyst rating on ($TSE:RAY.A) stock is a Buy with a C$10.00 price target. To see the full list of analyst forecasts on Stingray Digit SV stock, see the TSE:RAY.A Stock Forecast page.
Spark’s Take on TSE:RAY.A Stock
According to Spark, TipRanks’ AI Analyst, TSE:RAY.A is a Outperform.
Stingray Digit SV’s strong financial performance and positive technical indicators are the primary drivers of the overall score. The company’s robust earnings call further enhances its outlook. While valuation is moderate, it is balanced by strong growth prospects and strategic initiatives, leading to a solid stock score.
To see Spark’s full report on TSE:RAY.A stock, click here.
More about Stingray Digit SV
Stingray Group Inc. is a leader in music and video content distribution, business services, and advertising solutions. The company focuses on delivering broadcast and recurring commercial music revenues, leveraging FAST channel sales and retail media to enhance its market position.
Average Trading Volume: 27,613
Technical Sentiment Signal: Buy
Current Market Cap: C$737.8M
Find detailed analytics on RAY.A stock on TipRanks’ Stock Analysis page.