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Noble Financial Keeps Their Buy Rating on Newsmax Inc. Class B (NMAX)

Tipranks - Tipranks - Fri Jan 2, 1:36AM CST

In a report released on December 30, Michael Kupinski from Noble Financial maintained a Buy rating on Newsmax Inc. Class B, with a price target of $21.00. The company’s shares closed yesterday at $7.79.

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According to TipRanks, Kupinski is a 4-star analyst with an average return of 10.4% and a 37.50% success rate. Kupinski covers the Communication Services sector, focusing on stocks such as E. W. Scripps Company Class A, Saga Communications, and Beachbody Company.

Currently, the analyst consensus on Newsmax Inc. Class B is a Moderate Buy with an average price target of $20.50.

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Based on Newsmax Inc. Class B’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $45.27 million and a GAAP net loss of $4.12 million. In comparison, last year the company earned a revenue of $45.6 million and had a GAAP net loss of $8.33 million

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