Nexstar Media Group, Inc. (NXST)
NASDAQ: NXST · IEX Real-Time Price · USD
175.37
-1.10 (-0.62%)
At close: Jul 19, 2024, 4:00 PM
175.00
-0.37 (-0.21%)
Pre-market: Jul 22, 2024, 7:00 AM EDT
Nexstar Media Group Stock Forecast
Stock Price Forecast
The 6 analysts with 12-month price forecasts for Nexstar Media Group stock have an average target of 203.67, with a low estimate of 158 and a high estimate of 225. The average target predicts an increase of 16.14% from the current stock price of 175.37.
Analyst Consensus: Strong Buy
* Price targets were last updated on Jun 20, 2024.
Analyst Ratings
The average analyst rating for NXST stock from 6 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 3 | 3 | 4 | 4 | 3 |
| Buy | 1 | 1 | 1 | 2 | 2 | 2 |
| Hold | 2 | 2 | 2 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7 | 6 | 6 | 7 | 7 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Benchmark | Benchmark | Strong Buy Reiterates $225 | Strong Buy | Reiterates | $225 | +28.30% | Jun 20, 2024 |
| Barrington Research | Barrington Research | Buy Maintains $200 | Buy | Maintains | $200 | +14.04% | May 13, 2024 |
| Wells Fargo | Wells Fargo | Hold → Buy Upgrades $190 → $221 | Hold → Buy | Upgrades | $190 → $221 | +26.02% | May 13, 2024 |
| Benchmark | Benchmark | Strong Buy Reiterates $225 | Strong Buy | Reiterates | $225 | +28.30% | May 10, 2024 |
| Barrington Research | Barrington Research | Buy Maintains $200 | Buy | Maintains | $200 | +14.04% | May 9, 2024 |
Financial Forecast
Revenue This Year
5.66B
from 4.93B
Increased by 14.80%
Revenue Next Year
5.24B
from 5.66B
Decreased by -7.54%
EPS This Year
25.64
from 9.64
Increased by 165.94%
EPS Next Year
16.84
from 25.64
Decreased by -34.32%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 5.9B | 5.6B | 6.2B | 5.9B | 5.2B |
| Avg | 5.7B | 5.2B | 5.7B | 5.2B | 5.0B |
| Low | 5.3B | 4.7B | 5.0B | 4.4B | 4.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 20.3% | -1.8% | 19.3% | 3.8% | -0.5% |
| Avg | 14.8% | -7.5% | 9.2% | -9.2% | -3.3% |
| Low | 7.0% | -17.9% | -5.5% | -22.5% | -7.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 29.93 | 23.02 | 40.46 | 21.46 | 32.16 |
| Avg | 25.64 | 16.84 | 30.17 | 20.85 | 31.24 |
| Low | 19.21 | 9.52 | 9.06 | 20.03 | 30.02 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 210.4% | -10.2% | 140.3% | -28.9% | 54.3% |
| Avg | 165.9% | -34.3% | 79.2% | -30.9% | 49.9% |
| Low | 99.3% | -62.8% | -46.2% | -33.6% | 44.0% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.