iHeartMedia and FOX announced today that Usher will host and perform during the 2021 iHeartRadio Music Awards. In addition, the event will feature performances from The Weeknd with special guest Ariana Grande, Bruno Mars & Anderson .Paak (Silk Sonic), Dan + Shay and Doja Cat, with more to be announced. In addition, the event will feature appearances from Taylor Swift, Dua Lipa, Roddy Ricch, twenty one pilots, Megan Thee Stallion, and more. The event will air LIVE from The Dolby Theatre in Los Angeles, Thursday, May 27 (8:00-10:00 PM ET live / PT tape-delayed) on FOX. The event also will be heard on iHeartMedia radio stations nationwide and on the iHeartRadio app.
JPMorgan (NYSE:JPM) analyst Sebastiano Petti raised his target for the stock by 70.6%, to $29. In the last quarter, the company managed to reduce employee compensation expenses because of modernization initiatives.
iHeartMedia (IHRT) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.