Taylor Swift’s filmed version of her Eras tour is making waves, notably boosting AMC Entertainment’s (NYSE:AMC) stock by 4.38% in today’s trading. The film has set a new record for AMC, generating a whopping $26M from single-day advance ticket sales, overshadowing the previous record set by “Spider-Man: No Way Home.” Due to the soaring demand, AMC is planning to introduce additional showtimes for its October 13 debut.
As the weekend rolls in, audiences are also keenly anticipating Denzel Washington’s new release, “Equalizer 3,” which has already garnered $3.8M from Thursday previews. This action-packed sequel is projected to pull in close to $30M over the weekend, potentially securing its top spot in the charts.
What is the Stock Price Prediction for AMC in 2023?
Turning to Wall Street, analysts have a Moderate Sell consensus rating on AMC stock based on zero Buys, three Holds, and two Sells assigned in the past three months, as indicated by the graphic above. Nevertheless, the average price target of $21.13 per share implies over 61% upside potential.
