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Investing.com - Evercore ISI has lowered its price target on New York Times (NYSE:NYT) to $67.00 from $68.00 while maintaining an Outperform rating on the stock. The stock is currently trading near its 52-week high of $62.15, with InvestingPro data showing the company maintains a perfect Piotroski Score of 9, indicating strong financial health.
The adjustment follows New York Times’ second-quarter 2025 financial results, which showed 10% revenue growth, exceeding Street expectations by 2.3%, primarily due to advertising strength. The company reported 28% growth in adjusted operating profit, beating estimates by 6.9%. With a robust gross profit margin of 49.5% and strong return on equity of 17%, the company’s financial performance remains solid.
New York Times achieved 280 basis points of year-over-year margin expansion, 80 basis points ahead of expectations, along with free cash flow conversion of 77%, which drove a 42% increase in free cash flow that beat estimates by 8.9%.
Digital-only net subscriber additions were in line with expectations at 230,000. Despite investor concerns about the company’s target of 15 million subscribers by year-end 2027, Evercore ISI notes that management continues to see a viable path toward that goal. According to InvestingPro, the company’s revenue has shown consistent growth with a 5-year CAGR of 8%.
The research firm currently projects 14.3 million subscribers by 2027, citing encouraging momentum and opportunities ahead, including the new Family Plan subscription and expansion into audio and video content across The Athletic and Cooking platforms. For deeper insights into NYT’s growth potential and over 30 additional key metrics, check out the comprehensive Pro Research Report available on InvestingPro.
In other recent news, The New York Times Company reported impressive second-quarter 2025 earnings, surpassing Wall Street forecasts. The company achieved an earnings per share (EPS) of $0.58, exceeding the anticipated $0.52. Revenue reached $685.9 million, also surpassing the predicted $670.26 million. Guggenheim responded by raising its price target for The New York Times to $56 from $55, while maintaining a Neutral rating. The adjustment came after the company reported revenue of $686 million and an adjusted operating profit of $134 million, both figures exceeding Guggenheim’s expectations of $669 million and $120 million, respectively. These recent developments highlight the company’s strong financial performance in the second quarter.
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