New York Times price target raised to $43 from $37 at Guggenheim

Guggenheim raised the firm’s price target on New York Times to $43 from $37 and keeps a Neutral rating on the shares. New York Times’ Q2 revenue was ahead of the firm’s forecast at digital advertising and other, while subscription was in-line, the analyst tells investors. “Notably,” there was no mention of the 15M subscriber goal by year-end 2027 and given the end of Q2 total and current trajectory of net additions “our model does not get there,” the analyst added.