TechMediaBreaks – Newsmax Inc. (NYSE: NMAX) Initiated at Outperform by Noble Capital Markets With $23 Price Target
Newsmax (NYSE: NMAX), a conservative media company with expanding cable and digital reach, was initiated with an Outperform rating and $23 price target by Noble Capital Markets. Analysts cited the company’s position as the fourth most-watched cable news network in the U.S., supported by distribution across major MVPDs and streaming platforms. Noble said Newsmax is positioned for multi-year monetization across advertising and affiliate fee revenue, driven by a loyal, right-of-center audience and a diversified revenue model. Revenue has grown more than 300% since 2019, fueled by digital expansion and broader platform reach. To view the full report, visit https://ibn.fm/nXT7K About…