iHeart, the most progressive industry audio company, saw a stock surge today as the stock soared to $19.96 per share hitting a 52-week high. The low was $5.61 in the 52-weeks. Bank of America global research upgraded the audio media company stock from Underperform with a boost to Buy.
iHeart’s podcast arm remains one of the companies most robust features with a great possibility for advertising trends in the broadcast arm of the company to also pick up as more people return to work after getting vaccinated for COVID and drive times start to make a comeback in the mornings and afternoons. Analysts predict iHeart’s modernization of the company from a radio to a media corporation will help the company continue to see increasing revenues in the near future.
