NXST Price Prediction Next Week
Prediction and Recommendation for NXST Stock
Based on the analysis of news sentiment, technical indicators, and market trends, here is the prediction and recommendation for NXST stock for the next trading week:
Technical Analysis:
- RSI (14): 72.35 (Overbought territory, suggesting a potential pullback)
- MACD: Positive but showing bearish divergence
- SMA (20/50/200): Trading above all, indicating bullish trend
- Bollinger Bands: Price near upper band, signaling potential volatility
- Fibonacci Levels: Support at 158.17, Resistance at 183.10
News Sentiment:
- Insider sales by CEO and director
- Mixed institutional sentiment (more institutions reducing positions)
- Stable dividend yield of 4.40%
Price Prediction:
- Target Price: $170.00
- Stop-Loss: $160.00
Recommendation:
- Action: Sell
- Rationale: Overbought conditions and potential pullback due to technical indicators and insider activity.
This analysis combines technical and fundamental factors to provide a balanced view for the next trading week.
NXST Similar Chart Price Prediction
The price of NXST is predicted to go up 2.88%, based on the high correlation periods with NC. The similarity of these two price pattern on the periods is 97.64%.
NXST
NC
Up: 2.88%Similarity: 97.64%
NXST Revenue Forecast
NXST EPS Forecast
NXST FAQs
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NXST VS S&P500
Pay-TV distributors are more reluctant to challenge Nexstar on rate increases than other station owners because of Nexstar's size and scale.
Nexstar's ownership of The CW provides it with premium sports and nonscripted content.
Nexstar can take advantage of increased politicization in US elections through higher political advertising revenue during election cycles.
NXST Analyst's Forecast
Daniel Kurnos
Benchmark
Strong Buy
2024-10-14
Price Target
$225 → $215
Upside
+27.61%
Benchmark analyst Daniel Kurnos lowered the firm's price target on Nexstar to $215 from $225 and keeps a Buy rating on the shares. Nexstar is "still best in breed," but it certainly has not paid to have incremental exposure to a national market that "just cannot seem to find its footing," says the firm. Even after boosting its political forecast by about $20M to $600M, which the analyst says "may very well still prove conservative," the net impact of the firm's non-political advertising reductions sees its 2024 EBITDA estimate come in by $20M and its 2025 EBITDA forecast reduced by $55M, the analyst tells investors.
Curry Baker
Guggenheim
Strong Buy
2024-10-04
Price Target
$200 → $198
Upside
+20.55%
