Nexstar's Potential Upside Amid Streaming Disparities: Analyst Take On Advertising and Retransmission
Portfolio Pulse from Anusuya Lahiri
Benchmark analyst Daniel Kurnos reiterated a Buy rating on Nexstar Media Group, Inc (NASDAQ:NXST) and set a price target of $225. He believes Nexstar may have a unique near-term narrative centered around retransmission, free cash flow, and guidance that could produce relative outperformance in the coming quarters. Kurnos projects 3Q revenue of $1.15 billion vs. consensus of $1.16 billion and EPS of $2.64 vs. consensus of $1.11.
October 10, 2023 | 7:17 pm
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Nexstar Media Group, Inc (NASDAQ:NXST) has been given a Buy rating by Benchmark analyst Daniel Kurnos, who set a price target of $225. He believes the company may outperform in the coming quarters.
The analyst's positive outlook on Nexstar, including the reiteration of a Buy rating and a price target of $225, indicates a bullish sentiment towards the company. This could potentially lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100