
AMC Networks (AMCX) Stock Forecast & Price Target
AMC Networks (AMCX) Analyst Ratings
Bulls say
AMC Networks is experiencing increased domestic advertising and subscription revenues, indicative of the success of their shift towards original scripted programming and strong OTT adoption. The network's targeted focus on domestic operations, accounting for nearly 90% of total revenue, improves its revenue reliability while a projected 2.2% growth in net ad revenue for traditional media owners in 2024 presents additional earnings opportunities. The company's flexibility in partnering further boosts its ad revenue growth potential, thereby fortifying its financial position.
Bears say
AMC Networks is facing significant financial pressures due to multiple factors. Issues include declining domestic subscription revenues resulting from linear pressure and slower over-the-top (OTT) adoption, heightened subscriber churn, increased programming costs, and dramatically falling advertising revenues. Furthermore, AMC's attempts to switch to OTT streaming have been unsuccessful in offsetting these losses, posing challenges to their longer-term financial stability.
This aggregate rating is based on analysts' research of AMC Networks and is not a guaranteed prediction by Public.com or investment advice.
AMC Networks (AMCX) Analyst Forecast & Price Prediction
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