Nexstar Media Group, Inc. (NXST)
NASDAQ: NXST · IEX Real-Time Price · USD
165.25
+3.29 (2.03%)
At close: Apr 19, 2024, 4:00 PM
164.07
-1.18 (-0.71%)
After-hours: Apr 19, 2024, 7:31 PM 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 193.83, with a low estimate of 158 and a high estimate of 220. The average target predicts an increase of 17.30% from the current stock price of 165.25.
Analyst Consensus: Buy
* Price targets were last updated on Mar 13, 2024.
Analyst Ratings
The average analyst rating for NXST stock from 6 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 4 | 4 | 3 | 3 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 1 | 2 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 7 | 7 | 7 | 6 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Rosenblatt | Rosenblatt | Strong Buy Maintains $216 → $213 | Strong Buy | Maintains | $216 → $213 | +28.90% | Mar 13, 2024 |
| Barrington Research | Barrington Research | Buy Reiterates $200 | Buy | Reiterates | $200 | +21.03% | Mar 7, 2024 |
| Barrington Research | Barrington Research | Buy Reiterates $200 | Buy | Reiterates | $200 | +21.03% | Feb 28, 2024 |
| Citigroup | Citigroup | Hold Initiates $158 | Hold | Initiates | $158 | -4.39% | Dec 8, 2023 |
| Wells Fargo | Wells Fargo | Hold Maintains $175 → $167 | Hold | Maintains | $175 → $167 | +1.06% | Nov 9, 2023 |
Financial Forecast
Revenue This Year
5.68B
from 4.93B
Increased by 15.16%
Revenue Next Year
5.25B
from 5.68B
Decreased by -7.62%
EPS This Year
25.76
from 9.64
Increased by 167.23%
EPS Next Year
17.61
from 25.76
Decreased by -31.63%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 6.0B | 5.6B | 6.3B | 6.3B | 5.3B |
| Avg | 5.7B | 5.2B | 5.7B | 5.4B | 5.1B |
| Low | 5.3B | 4.7B | 5.0B | 4.5B | 4.9B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 20.8% | -1.8% | 19.9% | 9.6% | -2.4% |
| Avg | 15.2% | -7.6% | 8.7% | -5.6% | -5.1% |
| Low | 7.0% | -18.1% | -5.7% | -20.9% | -8.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 30.32 | 23.79 | 40.16 | 17.31 | 27.30 |
| Avg | 25.76 | 17.61 | 28.83 | 16.82 | 26.52 |
| Low | 20.50 | 10.44 | 9.06 | 16.16 | 25.48 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 214.6% | -7.6% | 128.0% | -39.9% | 62.3% |
| Avg | 167.2% | -31.6% | 63.7% | -41.7% | 57.7% |
| Low | 112.7% | -59.5% | -48.6% | -43.9% | 51.5% |
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.