Tegna

TGNA · NYSE

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TGNA analyst rating

HoldConsensus of 1 analyst over the last 12 months. 0% rate it a buy.

Strong buy0
Buy0
Hold1
Underperform0
Sell0

12-month price target · 5 analysts

Average $22.10

Low: $21.21
High: $23.10

Upgrades and downgrades

The latest rating actions, newest first

TGNA analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Wells Fargo	Oct 23, 2025	Downgrade	Overweight → Equal-Weight	$22.00	53%

The case for and against

Updated Feb 9, 2026

Bull case

Tegna Inc. displays a positive outlook due to its diverse revenue streams from advertising, subscriptions, and political advertising, which positions the company well within the media sector. The potential for increased revenue is further supported by risks such as a dramatically improving advertising market and favorable regulatory conditions that could enhance operational capabilities and market positioning. Additionally, the company's robust digital presence across multiple platforms enables it to effectively reach consumers, adapting to evolving news consumption trends.

Bear case

Tegna Inc. faces significant downside risks that contribute to a negative outlook on its stock, primarily due to the uncertainties surrounding the Nexstar transaction's completion and potential declines in advertising demand resulting from macroeconomic weakness. The company's advertising inventory may be adversely impacted by a shift in advertising dollars away from local broadcast television and radio, coupled with declining ratings at its stations and the potential loss of critical affiliation agreements. Additionally, challenges posed by the consolidation of multichannel video programming distributors (MVPDs), new technological advancements affecting retransmission renewals, and evolving government regulations further heighten the risks associated with Tegna's future financial performance.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.