Goldman Sachs has given AMC Entertainment (NYSE:AMC) a new price target of $175 per share, a 2,802.15% gain from today’s current share price of $5.16.
MarketBeat reports that on July 24, Goldman Sachs gave AMC Entertainment a ‘Boost Target’ action and ‘Buy’ rating with a whopping price target of $175.
According to the issued ratings of 5 analysts in the last year, the consensus rating for AMC Entertainment stock is Strong Sell based on the current 3 sell ratings, 1 hold rating and 1 buy rating for AMC.
The average twelve-month price prediction for AMC Entertainment is $36.72 with a high price target of $175.00 and a low-price target of $0.50.
Other analysts are predicting an upside of 579.84% based on their 12-month price targets for AMC Entertainment stock.
This report is the latest AMC stock prediction though it is unknown as to why exactly these number figures are being predicted.
One big reason can be the gradual growth and innovation of the movie theater industry.
This past weekend, AMC broke a new weekend high record in 4 years as “Barbenheimer” produced results bigger than expected.
“The box office powered to its fourth-biggest weekend in history with over $300 million industrywide”, said Variety.
Perhaps analysts are now expecting a short squeeze due to AMC’s incredibly high cost to borrow, which has now surpassed 1,000%.
An AMC price prediction to $175 is quite impressive, but will apes settle or demand more from the market?
Here are some of the latest developments from AMC Entertainment.
AMC CEO Reiterates the Importance of Raising Equity
AMC Entertainment (NYSE:AMC) CEO Adam Aron has suggested that a reverse stock split is crucial for the company’s survival.
Today’s lawsuit has kept the company from splitting as well as from converting its APE shares into common stock.
Still, there are several shareholders who oppose AMC’s reverse split, primarily because of its dilutive nature as seen with Mullen Automotive and Vinco Ventures.
“Assuming that the judge approves the settlement, which sometime in the next I wouldn’t say days or weeks but probably months, 2, 3, 4, months, then we can actually implement your suggestions.
And when we do that, I said there was one caveat right, the caveat is we need this judge to approve the settlement.
But when she does, if she does, but when she does, I hope she does, that means that I know in my heart of hearts for the first time in three years I can relax; because I will know then that we made it.
Because no matter what the world throws at us, Bubonic Plague, Dengue Fever, whatever the world throws at us, we’ll be able to raise the money we need to survive it,” said Adam Aron at a showing.
Recently, the CEO released the following statement in a new letter:
“AMC must be in a position to raise equity capital. I repeat, to protect AMC’s shareholder value over the long term, we MUST be able to raise equity capital.
That is especially the case now with the added uncertainty caused by the writers and actors strikes, which could delay the release of movies currently scheduled for 2024 and 2025.
If we are unable to raise equity capital, the risk materially increases of AMC conceivably running out of cash in 2024 or 2025, or of AMC being unable to satisfactorily refinance and stretch out the maturity of some of our debt (which is required of us beginning as early as 2024.)”
What are your thoughts on Goldman Sachs giving AMC a price prediction of $175 per shares?
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Dude suicided
After his Twitter post addressing SH & not an email addressing ALL sh I am struggling to believe anything that comes out of AA mouth & who’s side is he really on. He created FUD right when a run started & right before the market opened..yeah that doesn’t sound like a HONEST CEO to me. He has been traveling the country on AMCs dime but fears bankruptcy? He says one thing one min & something different another. We went from we had enough cash to get through to now he fears bankruptcy GTFO. FRANK U DID AN ARTICLE ON HOW HOW THE VOTE BROKE DOWN..CAN U POINT ME BACK TO THAT ARTICLE. YOU WROTE IT BEFORE THE VOTE. THANK U FOR CONTINOUSLY GETTING INFO OUT THERE ON ALL THESE TICKERS! I WATCHED BBIG W ABSOLUTELY NO TRADING GO FROM 5+ AT 2AM TO UNDER 2 AT OPEN…THE MANIPULATION IN OUR STOCK MARKET IS UNREAL. THESE ARE OLD F*CKS WHO RETIRE SOON & DON’T CARE WHO THEY SCREW OVER INCLUDING AA. HE LOVES THE 76ERS & ON HIS 67 BDAY SOLD TO DUE WHAT WAS BEST FOR HIM. HE HAD THE CHOICE TO HAVE AMC DEBT FREE & CHOSE NOT TO-AA OWN WORDS. GEE I WONDER WHY? AND THE PR IS PROBABLY TO MAKE US THINK LET THE CRS GO THROUGH & THAT’S THE PR U ARE LOOKING AT & IT’S BS IMO. WE GOT GME TO 480 WHEN IT HALTED & RELEASED AT 240 THEN TANKED. I HIT SELL AT 400 & IT DIDN’T GO THROUGH BUT IT DID AT 220. AMC HIGH WAS ONLY CUZ OF US! PRIOR WAS $25, SO WHAT WOULD MAKE A CO FACING BANKRUPTCY SUDDENLY SEE 175. SOMETHING NOT RIGHT ABOUT THIS BUT NOTHING IS RIGHT ABOUT THE MARKET & UNTIL CHANGE COMES RETAIL WILL CONSTANTLY BE FACED W R/S THAT MAKE OUR COST BASIS UNREAL. AND DON’T SAY IT’S THE DAME CUZ WISH SH DIDN’T SEE NO $125 A SH BUT THAT’S THEIR CB. A R/S IS NEVER GOOD. ADAM ALSO SAID A HIGHER STOCK PR IS MORE ATTRACTIVE….THEN WHY DID HE TAKE US FROM 25 TO WE CAN’T EVEN SEE THE LOW BETWEEN 2 TICKERS FOR ONE CO..AND COME ON THE PANDEMIC EXCUSE IS OLD AS AA is! LOOK INTO WHY HE LOST HIS PAST JOBS…THAT SAYS IT ALL. HE COULDN’T DO ANYTHING FOR THE 76ERS & GOT REPLACED ALTHOUGH HE DID HIS USUAL DENIAL OF I WASN’T FIRED YET HE WAS. I HAVE LOST ALL FAITH IN AA BUT I’M 4 YRS IN COME DEC, BOUGHT MY 1ST SET AT 1.98, HOLD LESS THAN 700 SH BETWEEN THE 2, SO WHAT CAN I DO OTHER THAN TAKE WHATEVER IS COMING.
SAD PART IS WE ARE THE FUTURE, WE ARE CUSTOMERS, WE BRING IN THE MONEY CO NEED TO FUNCTION ALSO. HE SCREWS RETAIL THEN YES I SEE BANKRUPTCY IN AMC FUTURE CUZ THAT WILL OPEN PEOPLE’S EYES.
Thanks Frank for always keeping it 💯
Goldman sach’s target price is disappeared in the marketbeat.
CEO is crap indeed, but it is still likely to squeeze to at least three digits in price. Shorting 88 million shares in one day (July 24th reported short volume), the amount of orders routed to the dark pool, 1000% cost to borrow rate (mostly acts as a risk barrier to new entries rather than lack of shares), high FTDs, increasing short interest (28% now), company performing better each quarter, getting on threshold securities list again, and consistent bad news on mainstream media to drive investors away are all the confirmations I need to invest into AMC more and more every month.
I will do take the $175 and run!!!
🔥😂
I don’t believe a damn Word Adam Aron says. He is an unfit CEO and should step down. If had fought harder for his shareholders the price would already be at $175.
🤔🤔
Leave your thoughts below.
Hope squeeze to 20 and then reverse split to hold at 20. We have to eliminate most short positions to move forward. 50 works too!
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