Benchmark Reiterates Buy Rating on National CineMedia (NCMI)

Benchmark analyst Mike Hickey reiterated a Buy rating and $8.00 price target on National CineMedia (NASDAQ: NCMI).

The analyst commented, "NCM delivered a strong Q4 beat, driven by better-than-expected advertising performance, particularly in the scatter market, and disciplined cost management that offset softer upfront sales and a challenging advertising mix. Short-term headwinds in Q1 2025 are expected, with softer box office content, seasonally weak ad demand, and delayed government and tariff-related spending weighing on results. Long-term growth catalysts remain intact, supported by a stronger 2025 film slate, increased advertiser adoption, and expanding digital ad solutions such as programmatic and self-serve platforms. Second-quarter pacing is ahead of last year, signaling recovery momentum. With no outstanding long-term debt and a $100M share repurchase program, NCM maintains financial flexibility while continuing to invest in ad tech and sales expansion. The company will provide further insights at its March 13, 2025, Investor Day in New York City."

For an analyst ratings summary and ratings history on National CineMedia click here. For more ratings news on National CineMedia click here.

Shares of National CineMedia closed at $6.35 yesterday.

You May Also Be Interested In

• Morgan Stanley Starts Sampo Oyj (SAMPO:FH) (SAXPY) at Equalweight
• Jefferies Starts Buzzi Unicem SpA (BZU:IM) (BZZUY) at Hold
• JPMorgan Starts Shinsegae Inc (004170:KS) at Overweight