Stock Price Prediction

Nexxen International (NEXN) is viewed bullishly due to its strong financial performance and growth potential. Analysts maintain a "Strong Buy" consensus with a price target of $12.00, representing a 24.61% upside from the current price of $9.63, driven by robust CTV revenue growth and improved EBITDA margins. Additionally, its undervalued Price/FCF multiple of 9.2 compared to peers suggests significant re-rating potential.

NEXN stock is currently trading at $9.63, with bearish sentiment stemming from its recent 7.3% pre-market drop to $8.37, likely due to profit-taking after a 20% surge earlier this week. Despite strong Q3 financials and raised guidance, concerns about reliance on political ad spending and broader market weakness weigh on the stock. A bearish view anticipates further downside toward $8.00, reflecting cautious sentiment and potential resistance to sustained growth.

The market consensus for NEXN's revenue in the upcoming quarter is projected to be approximately $77.533M USD.