Why Is The Interpublic Group of Companies, Inc. (IPG) Among The Best Advertising Stocks to Buy According to Hedge Funds? [Yahoo! Finance]
Interpublic Group of Companies, Inc. (The) (IPG)
Last interpublic group of companies, inc. (the) earnings: 4/22 07:00 am
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Source: Yahoo! Finance
The Interpublic Group of Companies, Inc. (NYSE:IPG) stands against the other advertising stocks. Ad spending in 2024 received a significant boost from recurring events such as the US election and the Olympics, and experts believe that these spending patterns are likely to add billions to the market. Media agency Magna increased its US ad spending forecast for the year, expecting revenue growth of 11.4% to $377 billion, per the news shared with Marketing Dive. The company expects non-cyclical ad spending to grow by 8.9%, reflecting a rise from 8.2% in previous forecasts. This marks one of the best performances for the category in 20 years. This revision stemmed from improved macroeconomic conditions, healthy appetites in digital and streaming, and cyclical events, such as the elections and the Summer Olympics. As per PwC, fueling revenue growth by selling E&M products directly to users is challenging. Of the 3 major categories i.e., consumer spending, connectivity, and advertising,
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News
- The Interpublic Group of Companies, Inc. (NYSE: IPG) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- The Interpublic Group of Companies, Inc. (NYSE: IPG) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
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IPG
Earnings
- 10/22/24 - In-Line
IPG
Sec Filings
- 12/9/24 - Form 425
- 12/9/24 - Form 425
- 12/9/24 - Form 425
- IPG's page on the SEC website