Why Shares of The New York Times Company Are Up 33% So Far This Year
Shares of The New York Times Company (NYSE: NYT) have climbed 33% this year, according to data from S&P Global Market Intelligence, riding a broad-based comeback in the newspaper industry.
Demand for newspapers and other media has risen in the Trump era, providing a so-called "Trump bump" for newspaper stocks like the Times. As the chart below shows, the company's shares surged following its May earnings report for the first quarter -- the first full period after the election -- on strong subscriber growth:
Source: Fool.com
New York Times Corp. Stock
€49.35
7.170%
With 6 Buy predictions and not the single Sell prediction the community is currently very high on New York Times Corp..
On the other hand, the target price of 49 € is below the current price of 49.35 € for New York Times Corp., so the potential is actually -0.71%.
