Citi Raises its Price Target on The New York Times (NYT) to $94

The New York Times Company (NYSE:NYT) is one of the 8 Best Debt Free Stocks to Buy Right Now. On March 24, 2026, Citi raised the price target on The New York Times Company (NYSE:NYT) to $94 from $77 previously and maintained a Buy rating. Citi described the stock as a “battleground,” noting concerns around missed key performance indicators and an elevated multiple, but said it remains positive on the company’s shift to digital and improving advertising trends.

Last month, The New York Times Company (NYSE:NYT) reported Q4 adjusted EPS of 89c, above the 88c consensus estimate, with revenue of $802.31M compared to the $791.55M consensus. The company added about 450,000 net digital-only subscribers during the quarter, bringing total subscribers to 12.78M, while digital-only ARPU rose 0.7% year over year to $9.72, driven by pricing changes and subscriber mix. CEO Meredith Kopit Levien said the quarter capped a “strong year,” pointing to continued execution of strategy and increased value from its news and lifestyle offerings, while expressing confidence in continued growth in subscribers, revenue, profitability, and free cash flow in 2026.

The company expects Q1 total subscription revenues to increase 9%-11%, advertising revenues to rise low-double-digits, and adjusted operating costs to grow 8%-9%.

The New York Times Company (NYSE:NYT) creates and distributes news and information globally through The New York Times Group and The Athletic segments.

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