Raymond James upgrades Starz Entertainment stock rating on execution
Raymond James upgraded Starz Entertainment (STRZ) to Strong Buy, raising its price target to $36. The stock has fallen 28% since July but is up 105% over the past year. Starz reported Q3 2026 revenue of $322 million, with OIBDA at $44 million, exceeding expectations. The company expects 6% annual OIBDA growth from 2025 to 2028 and guided to $100-$120 million in unlevered free cash flow for 2026.
How this was made
The 30-second read
Why it matters
Analyst upgrade reflects confidence in streaming revenue mix and margin expansion, likely prompting short-term buying.
Market read
The upgrade and earnings beat provide fresh, material information for traders targeting STRZ.
What to watch
Potential headwinds from rising content costs and macroeconomic slowdown could pressure margins.
Background
Starz Entertainment reported Q3 2026 revenue of $322M, OIBDA of $44M, and reaffirmed full-year guidance.
Ticker impact
Raymond James upgraded Starz Entertainment to Strong Buy, raised the price target to $36 and highlighted Q3 2026 results.
likely upward pressure as investors price in the upgrade and strong Q3 performance
Analyst upgrade with a new target and better-than-expected earnings typically drive buying interest.
Market effects
Positive signal for the streaming/media sector as a peer shows strong growth and valuation uplift.
May boost sentiment for US small-cap entertainment stocks.
Limited to US equity markets; no immediate global macro effect.
Counterpoint
The upgrade may be premature if subscriber growth slows or competition intensifies.
Key entities
- AnalystRaymond James
Upgraded Starz to Strong Buy and set a $36 price target.
- CompanyStarz Entertainment
Streaming media company reporting strong Q3 results.


