Fintel reports that on May 2, 2024, JP Morgan upgraded their outlook for Ziff Davis (NasdaqGS:ZD) from Neutral to Overweight.
Analyst Price Forecast Suggests 70.50% Upside
As of May 2, 2024, the average one-year price target for Ziff Davis is 84.43. The forecasts range from a low of 68.68 to a high of $105.00. The average price target represents an increase of 70.50% from its latest reported closing price of 49.52.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Ziff Davis is 1,500MM, an increase of 9.97%. The projected annual non-GAAP EPS is 7.07.
What are Other Shareholders Doing?
ArrowMark Colorado Holdings holds 3,294K shares representing 7.14% ownership of the company. In its prior filing, the firm reported owning 3,146K shares , representing an increase of 4.48%. The firm increased its portfolio allocation in ZD by 0.19% over the last quarter.
Janus Henderson Group holds 3,229K shares representing 7.00% ownership of the company. In its prior filing, the firm reported owning 3,742K shares , representing a decrease of 15.86%. The firm decreased its portfolio allocation in ZD by 17.07% over the last quarter.
Legal & General Group holds 1,796K shares representing 3.89% ownership of the company. In its prior filing, the firm reported owning 1,576K shares , representing an increase of 12.26%. The firm decreased its portfolio allocation in ZD by 55.68% over the last quarter.
VEXPX – VANGUARD EXPLORER FUND Investor Shares holds 1,527K shares representing 3.31% ownership of the company. In its prior filing, the firm reported owning 1,298K shares , representing an increase of 14.98%. The firm increased its portfolio allocation in ZD by 12.44% over the last quarter.
Royce & Associates holds 1,514K shares representing 3.28% ownership of the company. In its prior filing, the firm reported owning 1,427K shares , representing an increase of 5.78%. The firm increased its portfolio allocation in ZD by 1.55% over the last quarter.
Ziff Davis Background Information
(This description is provided by the company.)
Ziff Davis is a vertically focused digital media and internet company whose portfolio includes leading brands in technology, entertainment, shopping, health, cybersecurity, and martech.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
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This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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