Based on ratings from 10 stock analysts, the Nexstar Media Group Inc stock price is expected to increase by 21.79% in 12 months. This is calculated by using the average 12-month stock price forecast for Nexstar Media Group Inc. The lowest target is $185 and the highest is $220. Please note analyst price targets are not guaranteed and could be missed completely.
About 10 Wall Street analysts have assignedNXST 10 buy ratings, 0 hold ratings, and 0 sell ratings. This means that analysts expect Nexstar Media Group Inc to buy. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on NXST. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of NXST.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Daniel Kurnos Benchmark | Buy | $215 | Reiterates | Nov 8, 2024 |
James Goss Barrington Research | Outperform | $200 | Maintains | Nov 7, 2024 |
Daniel Kurnos Benchmark | Buy | $215 | Maintains | Oct 14, 2024 |
Curry Baker Guggenheim | Buy | $198 | Maintains | Oct 4, 2024 |
James Goss Barrington Research | Outperform | $200 | Maintains | Aug 13, 2024 |
Daniel Kurnos Benchmark | Buy | $225 | Reiterates | Aug 9, 2024 |
Steven Cahall Wells Fargo | Overweight | $209 | Maintains | Aug 9, 2024 |
Benjamin Soff Deutsche Bank | Buy | $205 | Maintains | Aug 9, 2024 |
James Goss Barrington Research | Outperform | $200 | Maintains | Aug 8, 2024 |
James Goss Barrington Research | Outperform | $200 | Maintains | Jul 23, 2024 |
Daniel Kurnos Benchmark | Buy | $225 | Reiterates | Jun 20, 2024 |
Steven Cahall Wells Fargo | Overweight | $221 | Upgrade | May 13, 2024 |
James Goss Barrington Research | Outperform | $200 | Maintains | May 13, 2024 |
Daniel Kurnos Benchmark | Buy | $225 | Reiterates | May 10, 2024 |
James Goss Barrington Research | Outperform | $200 | Maintains | May 9, 2024 |
Barton Crockett Rosenblatt | Buy | $213 | Maintains | Mar 13, 2024 |
James Goss Barrington Research | Outperform | $200 | Reiterates | Mar 7, 2024 |
James Goss Barrington Research | Outperform | $200 | Reiterates | Feb 28, 2024 |
Jason Bazinet Citigroup | Neutral | $158 | Initiates | Dec 8, 2023 |
Steven Cahall Wells Fargo | Equal-Weight | $167 | Maintains | Nov 9, 2023 |
When did it IPO
2003
Staff Count
11,877
Country
United States
Sector/Industry
Communication Services/Broadcasting
CEO
Mr. Perry A. Sook
Market Cap
$5.15B
In 2023, NXST generated $4.93B in revenue, which was a decrease of -5.33% from the previous year. This can be seen as a signal that NXST's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - Nexstar Media Group, Inc. (NASDAQ:NXST) will hold its Q3 2024 earnings conference call on November 7, 2024, at 10:00 AM ET, featuring key company executives and analysts.
Why It Matters - Nexstar's Q3 2024 earnings call offers insights into financial performance and strategic direction, impacting stock valuation and investor sentiment. Key analysts' questions may highlight market trends.
Summary - Nexstar Media Group, Inc. reported record net revenue of $1.37 billion for Q3 2024.
Why It Matters - Nexstar's record net revenue signals strong performance, potentially boosting stock value and attracting investor interest in a competitive media landscape.
Summary - Nexstar Media Group's Board declared a quarterly cash dividend of $1.69 per share for its common stock.
Why It Matters - Nexstar's quarterly cash dividend of $1.69 per share signals financial health and commitment to returning value to shareholders, potentially boosting stock attractiveness.
Summary - The CW Network and Shopsense AI are partnering to enhance the fan experience during ACC college football broadcasts.
Why It Matters - The partnership between The CW Network and Shopsense AI could enhance viewer engagement and advertising potential during broadcasts, potentially boosting revenue and viewership for investors.
Summary - Nexstar Media Group will acquire WBNX-TV/TV55 in Cleveland, Ohio, from Winston Broadcasting Company.
Why It Matters - Nexstar's acquisition of WBNX-TV may enhance its market presence and advertising revenue in Cleveland, potentially boosting financial performance and stock value.
Summary - Nexstar Media is seen as undervalued with a fair value of $245, suggesting over 40% upside. Seasonal patterns and political ad revenue may boost performance and shareholder value.
Why It Matters - Nexstar Media's undervaluation suggests strong upside potential, especially with seasonal gains from political advertising, likely boosting buybacks and enhancing shareholder value.