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. 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.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

This article is originally published at Insider Monkey.