AMC Global Media

AMCX · NASDAQ

$10.05+$0.01 (+0.10%)TodayMarket closed · Oct 20, 4:10 PM ET

Prev close $10.04

AMCX analyst rating

SellConsensus of 4 analysts over the last 12 months. 0% rate it a buy.

Strong buy0
Buy0
Hold2
Underperform1
Sell1

12-month price target · 7 analysts

Average $10.20 (+1.5% upside)

Low: $9.09
Now: $10.05
High: $11.55

Upgrades and downgrades

The latest rating actions, newest first

AMCX analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Morgan Stanley	Oct 15, 2026	Maintains	Underweight	$10.00 → $9.00	50%
UBS	Aug 12, 2026	Maintains	Sell	$6.00 → $10.00	55%
Morgan Stanley	Jul 31, 2026	Maintains	Underweight	$7.00 → $10.00	50%
Wells Fargo	Jul 31, 2026	Maintains	Equal-Weight	$10.00 → $11.00	53%
Wells Fargo	Feb 12, 2026	Maintains	Equal-Weight	$8.00 → $10.00	53%
Morgan Stanley	Dec 18, 2025	Maintains	Underweight	$5.50 → $6.00	50%
Seaport Global	Dec 15, 2025	Downgrade	Buy → Neutral	—	63%
Wells Fargo	Nov 10, 2025	Upgrade	Underweight → Equal-Weight	$5.00 → $8.00	53%

The case for and against

Updated Aug 7, 2024

Bull case

AMC Networks is experiencing increased domestic advertising and subscription revenues, indicative of the success of their shift towards original scripted programming and strong OTT adoption. The network's targeted focus on domestic operations, accounting for nearly 90% of total revenue, improves its revenue reliability while a projected 2.2% growth in net ad revenue for traditional media owners in 2024 presents additional earnings opportunities. The company's flexibility in partnering further boosts its ad revenue growth potential, thereby fortifying its financial position.

Bear case

AMC Networks is facing significant financial pressures due to multiple factors. Issues include declining domestic subscription revenues resulting from linear pressure and slower over-the-top (OTT) adoption, heightened subscriber churn, increased programming costs, and dramatically falling advertising revenues. Furthermore, AMC's attempts to switch to OTT streaming have been unsuccessful in offsetting these losses, posing challenges to their longer-term financial stability.

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