Benchmark Lifts Gray Media (GTN) PT to $10 After Q3 Revenue Matched Guidance

Gray Media Inc. (NYSE:GTN) is one of the best NYSE penny stocks to invest in right now. On November 10, Benchmark analyst Daniel Kurnos raised the price target on Gray Media to $10 from $9, while keeping a Buy rating. The sentiment was posted after the company reported Q3 2025 revenue of $749 million, which was in line with consensus and at the high end of the company’s guidance, along with over $12 million of EBITDA upside. Kurnos believes that Gray Media is now gaining momentum into 2026.

Benchmark Lifts Gray Media (GTN) PT to $10 After Q3 Revenue Matched Guidance

As Gray Media reported its Q3 financial results just days prior, the company demonstrated strong cost management, as operating expenses came in $17 million below the low end of guidance. Despite these positive indicators, the company also reported a net loss of $23 million. However, the anticipated momentum can be tied to Gray Media’s upcoming strategic initiatives, with the company planning to enter 6 new markets and create 11 new Big 4 full duopolies through M&A.

Gray Media Inc. (NYSE:GTN) is a multimedia company that owns and operates television stations and digital assets in the US. It operates through Broadcasting, Production Companies, and Other segments.

While we acknowledge the potential of GTN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GTN and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.