Tegna has seen its stock price rise over 8% in the past few weeks, and analysts think it could be headed higher.

Tegna is trading just over $15 a share, and some analysts see it going to $21 a share in the near future.

While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable.

Tegna will give its 3rd quarter earnings report before the market opens this morning. Analysts expect Tegna to beat estimates.

We’ll have to wait and see, but with the 2024 election now less than a year away, it should be a big boom to Tegna with political dollars flooding in.

Nexstar reports its earnings on Wednesday.