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Nexstar Media Group (NXST) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

NXST Stock Forecast

Nexstar Media Group (NXST) stock forecast, based on 8 Wall Street analysts, predicts a 12-month average price target of $192.00, with a high of $198.00 and a low of $186.00. This represents a 24.80% increase from the last price of $153.85.

$150 $160 $170 $180 $190 $200 High: $198 Avg: $192 Low: $186 Last Closed Price: $153.85

NXST Stock Rating

Nexstar Media Group stock's rating consensus is Buy, based on 8 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 6 Buy (75.00%), 2 Hold (25.00%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 8 0 2 6 Strong Sell Sell Hold Buy Strong Buy

NXST Price Target Upside V Benchmarks

TypeNameUpside
StockNexstar Media Group24.80%
SectorCommunication Services Stocks 0.73%
IndustryEntertainment Stocks -0.72%

Price Target Trends

1M3M12M
# Anlaysts--5
Avg Price Target--$205.00
Last Closing Price$153.85$153.85$153.85
Upside/Downside--33.25%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Feb, 25164--11
Jan, 25164--11
Dec, 24163--10
Nov, 24573--15
Oct, 24572--14
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 04, 2024Curry BakerGuggenheim$198.00$162.6421.74%28.70%
Aug 26, 2024Jason BazinetCitigroup$186.00$170.619.02%20.90%
May 17, 2024Bryan KraftDeutsche Bank$207.00$171.2020.91%34.55%
May 13, 2024Steven CahalllWells Fargo$221.00$174.5126.64%43.65%
Mar 13, 2024Barton CrockettRosenblatt Securities$213.00$169.3525.78%38.45%
Dec 20, 2023Jason BazinetCitigroup$158.00$159.54-0.97%2.70%
Nov 17, 2023Barton CrockettRosenblatt Securities$230.00$150.4452.88%49.50%
Nov 13, 2022Barrington BarringtonBarrington$200.00$168.2318.88%30.00%
Sep 14, 2022Barton CrockettRosenblatt Securities$246.00$191.2228.65%59.90%
May 16, 2022Rosenblatt Securities$181.00$172.125.16%17.65%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Oct 14, 2024BenchmarkBuyBuyhold
Oct 04, 2024GuggenheimBuyBuyhold
Aug 26, 2024CitigroupNeutralNeutralhold
Aug 08, 2024Wells FargoBuyBuyhold
Jul 23, 2024BenchmarkBuyBuyhold
May 17, 2024Deutsche BankBuyBuyhold
May 13, 2024Wells FargoOverweightupgrade
May 10, 2024Raymond JamesBuyBuyhold
Dec 20, 2023CitigroupOverweightNeutralinitialise
Nov 17, 2023Morgan StanleyEqual-WeightEqual-Weighthold

Financial Forecast

EPS Forecast

$0 $8 $16 $24 $32 $40 Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$18.06$19.81$24.68$0.01-----
Avg Forecast$16.58$17.77$26.60$10.60$22.10$13.80$26.24$19.94$35.48
High Forecast$15.96$17.10$26.08$10.53$19.72$10.72$22.01$19.26$34.64
Low Forecast$16.92$18.13$27.55$10.74$24.48$16.88$30.09$20.76$36.65
Surprise %8.93%11.48%-7.22%-99.91%-----

Revenue Forecast

$4B $4B $5B $5B $6B $6B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$4.50B$4.65B$5.21B$4.93B-----
Avg Forecast$4.47B$4.64B$5.22B$4.94B$5.40B$5.03B$5.52B$5.20B$5.61B
High Forecast$4.34B$4.50B$5.14B$4.93B$5.30B$4.97B$5.52B$5.18B$5.51B
Low Forecast$4.54B$4.71B$5.36B$4.96B$5.50B$5.10B$5.52B$5.23B$5.75B
Surprise %0.76%0.25%-0.09%-0.23%-----

Net Income Forecast

$0 $300M $600M $900M $1B $2B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$811.50M$834.50M$971.10M$346.00M-----
Avg Forecast$648.00M$688.75M$811.83M$346.00M$791.86M$450.02M$793.97M$717.09M$1.27B
High Forecast$518.40M$551.00M$649.46M$276.80M$706.50M$384.26M$788.69M$690.23M$1.24B
Low Forecast$777.59M$826.50M$974.20M$415.20M$877.23M$604.75M$1.08B$743.95M$1.31B
Surprise %25.23%21.16%19.62%------

NXST Forecast FAQ

Is Nexstar Media Group stock a buy?

Nexstar Media Group stock has a consensus rating of Buy, based on 8 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 6 Buy, 2 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that Nexstar Media Group is a favorable investment for most analysts.

What is Nexstar Media Group's price target?

Nexstar Media Group's price target, set by 8 Wall Street analysts, averages $192 over the next 12 months. The price target range spans from $186 at the low end to $198 at the high end, suggesting a potential 24.80% change from the previous closing price of $153.85.

How does Nexstar Media Group stock forecast compare to its benchmarks?

Nexstar Media Group's stock forecast shows a 24.80% upside, outperforming the average forecast for the communication services stocks sector (0.73%) and outperforming the entertainment stocks industry (-0.72%).

What is the breakdown of analyst ratings for Nexstar Media Group over the past three months?

  • February 2025: 9.09% Strong Buy, 54.55% Buy, 36.36% Hold, 0% Sell, 0% Strong Sell.
  • January 2025: 9.09% Strong Buy, 54.55% Buy, 36.36% Hold, 0% Sell, 0% Strong Sell.
  • December 2024: 10.00% Strong Buy, 60.00% Buy, 30.00% Hold, 0% Sell, 0% Strong Sell.

What is Nexstar Media Group’s EPS forecast?

Nexstar Media Group's average annual EPS forecast for its fiscal year ending in December is $22.1 for 2024, a 220900.00% increase from the reported $0.01 in 2023. The prediction for 2025 is $13.8, $26.24 for 2026, $19.94 for 2027, and $35.48 for 2028.

What is Nexstar Media Group’s revenue forecast?

Nexstar Media Group's average annual revenue forecast for its fiscal year ending in December is $5.4B for 2024, a 9.38% increase from the reported $4.93B in 2023. The forecast for 2025 is $5.03B, $5.52B for 2026, $5.2B for 2027, and $5.61B for 2028.

What is Nexstar Media Group’s net income forecast?

For its fiscal year ending in December, Nexstar Media Group's average annual net income forecast is $791.86M for 2024, reflecting an 128.86% increase from the reported $346M in 2023. The projection for 2025 is $450.02M, $793.97M for 2026, $717.09M for 2027, and $1.27B for 2028.