"We believe that a win would provide a lift in GCI's equity, as it would be viewed as a harbinger of upside for GCI's own case against Google."
"This may result in multiple expansions," analysts noted. Gannett made progress in slowing its revenue declines, potentially leading to near-flat growth by late 2024 or early 2025.
"At the prevailing equity value - of just under $5 - we see risk-reward as balanced," reflecting an analysis of Gannett's potential performance amid economic fluctuations.
"In a bullish scenario, Gannett's stock could surpass $12 per share, while a bearish outlook sees little equity value given potential economic downturns and other factors."
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