Analysts believe a win for the DOJ against Google's ad tech would boost Gannett's equity, indicating a positive outlook for GCI's case against Google.
Analysts project progress in slowing revenue declines at Gannett could lead to near-flat revenue growth by late 2024, indicating potential for multiple expansions.
In a best-case scenario, where there’s no recession and significant developments with Google, Gannett’s stock may exceed $12 per share, showcasing considerable upside potential.
The risk remains that during an economic downturn, Gannett could face substantial declines in equity value, potentially falling near or below $3 per share.
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