iHeartMedia NASDAQ:IHRT has been beat down, but I anticipate it may be on a path toward profitability during this US election cycle. This ad revenue may lead to the beginning of a nice move upward from the $1 range (a personal buy zone), but nothing is certain.
Target #1 - $2.25
Target #2 - $4.00
I don't think iHeart can fire anymore ppl. We see here the massive layoffs Q1 2020 help save the stock price, for a while. At least the CEO Bob Pittman got his shares prices up. Hey Bob, I hope you get shorted to hell and back.