
OUTFRONT Media (OUT) Stock Forecast & Price Target
OUTFRONT Media (OUT) Analyst Ratings
Bulls say
Outfront Media Inc. has reported an 11% increase in segment EBITDA, signaling robust operational performance. The company's digital revenue now constitutes 33.6% of total revenues, with over 10% growth observed in Q2, particularly driven by the expansion of transit display boards, enhancing overall revenue potential. Furthermore, the company anticipates a top-line growth of approximately 3% in Q4 and a mid-single-digit pace in Q3 for its U.S. operations, bolstered by a significant rise in local ad revenue and ongoing investments in digital billboard conversions.
Bears say
Outfront Media has faced challenges in its operating environment, particularly with national advertising experiencing softness and volatility compared to local advertising, signaling potential difficulties in revenue generation. The company's leverage, while currently at a manageable level of 5.0x, indicates financial strain, especially given the reliance on adjusted OIBDA growth to improve this metric and reach its targeted range of 4.5-5.0x. Additionally, the loss of a significant MTA billboard contract has introduced a 1.5% headwind to growth forecasts for the fourth quarter, further complicating its financial outlook.
This aggregate rating is based on analysts' research of OUTFRONT Media and is not a guaranteed prediction by Public.com or investment advice.
OUTFRONT Media (OUT) Analyst Forecast & Price Prediction
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