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


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NXST Stock Forecast


Nexstar Media Group stock forecast is as follows: an average price target of $205.40 (represents a 23.02% upside from NXST’s last price of $166.97) and a rating consensus of 'Buy', based on 7 wall street analysts offering a 1-year stock forecast.

NXST Price Target


The average price target for Nexstar Media Group (NXST) is $205.40 based on 1-year price targets from 7 Wall Street analysts in the past 3 months, with a price target range of $221.00 to $186.00. This represents a potential 23.02% upside from NXST's last price of $166.97.

NXST Analyst Ratings


Buy

According to 7 Wall Street analysts, Nexstar Media Group's rating consensus is 'Buy'. The analyst rating breakdown for NXST stock is 0 'Strong Buy' (0.00%), 5 'Buy' (71.43%), 2 'Hold' (28.57%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Nexstar Media Group Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Aug 26, 2024Jason BazinetCitigroup$186.00$170.619.02%11.40%
May 17, 2024Bryan KraftDeutsche Bank$207.00$171.2020.91%23.97%
May 13, 2024Steven CahalllWells Fargo$221.00$174.5126.64%32.36%
Mar 13, 2024Barton CrockettRosenblatt Securities$213.00$169.3525.78%27.57%
Dec 20, 2023Jason BazinetCitigroup$158.00$159.54-0.97%-5.37%
Nov 17, 2023Barton CrockettRosenblatt Securities$230.00$150.4452.89%37.75%
Nov 13, 2022Barrington BarringtonBarrington$200.00$168.2318.88%19.78%
Sep 14, 2022Barton CrockettRosenblatt Securities$246.00$191.2228.65%47.33%
May 16, 2022-Rosenblatt Securities$181.00$172.125.16%8.40%
May 12, 2022-Deutsche Bank$225.00$162.9538.08%34.75%
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The latest Nexstar Media Group stock forecast, released on Aug 26, 2024 by Jason Bazinet from Citigroup, set a price target of $186.00, which represents a 9.02% increase from the stock price at the time of the forecast ($170.61), and a 11.40% increase from NXST last price ($166.97).

Nexstar Media Group Price Target by Period


1M3M12M
# Anlaysts116
Avg Price Target$186.00$186.00$202.50
Last Closing Price$166.97$166.97$166.97
Upside/Downside11.40%11.40%21.28%

In the current month, the average price target of Nexstar Media Group stock is $186.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 11.40% increase as opposed to Nexstar Media Group's last price of $166.97. This month's average price target is down 0.00% compared to last quarter, and down -8.15% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Aug 26, 2024CitigroupNeutralNeutralHold
Aug 08, 2024Wells FargoBuyBuyHold
Aug 08, 2024Raymond JamesUnderperformUnderperformHold
Jul 23, 2024BenchmarkBuyBuyHold
May 17, 2024Deutsche BankBuyBuyHold
May 13, 2024Wells Fargo-OverweightUpgrade
May 10, 2024Raymond JamesBuyBuyHold
May 10, 2024Dawson JamesUnderperformUnderperformHold
Dec 20, 2023CitigroupOverweightNeutralInitialise
Nov 17, 2023Morgan StanleyEqual-WeightEqual-WeightHold
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Nexstar Media Group's last stock rating was published by Citigroup on Aug 26, 2024. The company gave NXST a "Neutral" rating, the same as its previous rate.

Nexstar Media Group Financial Forecast


Nexstar Media Group Revenue Forecast

Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18
Revenue----------$1.13B$1.24B$1.26B$1.49B$1.27B$1.25B$1.21B$1.25B$1.16B$1.13B$1.11B$1.38B$1.12B$914.63M$1.09B$1.10B$663.58M$649.01M$626.65M$615.34M
Avg Forecast$1.34B$1.35B$1.27B$1.25B$1.27B$1.61B$1.37B$1.28B$1.29B$1.32B$1.16B$1.24B$1.24B$1.49B$1.29B$1.23B$1.19B$1.23B$1.15B$1.12B$1.09B$1.34B$1.08B$906.25M$1.07B$1.07B$643.10M$652.51M$640.36M$651.85M
High Forecast$1.36B$1.37B$1.29B$1.27B$1.28B$1.64B$1.38B$1.30B$1.31B$1.34B$1.18B$1.26B$1.26B$1.51B$1.31B$1.25B$1.20B$1.25B$1.16B$1.14B$1.10B$1.36B$1.10B$916.17M$1.08B$1.08B$650.14M$659.66M$647.37M$782.22M
Low Forecast$1.32B$1.33B$1.26B$1.24B$1.25B$1.59B$1.36B$1.27B$1.27B$1.31B$1.14B$1.22B$1.22B$1.47B$1.27B$1.22B$1.17B$1.22B$1.14B$1.11B$1.08B$1.33B$1.07B$896.56M$1.05B$1.06B$636.22M$645.53M$633.51M$521.48M
# Analysts4333345436333444433339999555512
Surprise %----------0.98%1.00%1.01%1.00%0.98%1.01%1.02%1.01%1.01%1.01%1.02%1.03%1.03%1.01%1.02%1.03%1.03%0.99%0.98%0.94%

Nexstar Media Group's average Quarter revenue forecast for Dec 23 based on 6 analysts is $1.32B, with a low forecast of $1.31B, and a high forecast of $1.34B. NXST's average Quarter revenue forecast represents a 16.19% increase compared to the company's last Quarter revenue of $1.13B (Sep 23).

Nexstar Media Group EBITDA Forecast

Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18
# Analysts4333345436333444433339999555512
EBITDA----------$347.00M$212.00M$486.00M$711.50M$546.30M$517.60M$517.70M$552.80M$452.76M$486.35M$476.73M$711.16M$470.97M$360.27M$465.74M$436.01M$217.12M$224.39M$202.83M$198.43M
Avg Forecast$538.34M$543.51M$512.45M$504.36M$509.10M$649.76M$550.37M$516.31M$558.55M$529.25M$466.54M$498.19M$507.77M$600.17M$516.48M$496.29M$401.40M$496.68M$462.25M$452.17M$349.69M$540.42M$436.00M$364.68M$386.47M$429.73M$258.79M$262.57M$179.20M$209.56M
High Forecast$546.38M$551.62M$520.10M$511.89M$516.70M$659.46M$554.42M$524.02M$670.26M$537.27M$473.50M$505.62M$609.32M$609.12M$619.78M$501.72M$481.68M$502.12M$467.31M$457.13M$419.63M$546.34M$440.78M$368.67M$463.76M$434.44M$261.62M$265.45M$215.04M$251.47M
Low Forecast$531.01M$536.11M$505.47M$497.49M$502.17M$640.91M$546.33M$509.28M$446.84M$525.24M$460.18M$491.40M$406.22M$591.99M$413.19M$490.98M$321.12M$491.37M$457.31M$447.34M$279.75M$534.64M$431.34M$360.78M$309.17M$425.14M$256.02M$259.77M$143.36M$167.65M
Surprise %----------0.74%0.43%0.96%1.19%1.06%1.04%1.29%1.11%0.98%1.08%1.36%1.32%1.08%0.99%1.21%1.01%0.84%0.85%1.13%0.95%

6 analysts predict NXST's average Quarter EBITDA for Dec 23 to be $529.25M, with a high of $537.27M and a low of $525.24M. This is 52.52% upper than Nexstar Media Group's previous annual EBITDA (Sep 23) of $347.00M.

Nexstar Media Group Net Income Forecast

Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18
# Analysts4333345436333444433339999555512
Net Income----------$25.00M$96.00M$88.00M$203.30M$288.70M$227.50M$251.60M$262.33M$169.56M$200.10M$200.91M$364.25M$190.68M$99.59M$156.91M$113.21M$-5.85M$68.00M$54.89M$48.12M
Avg Forecast$153.89M$175.91M$115.53M$114.21M$133.05M$362.42M$183.11M$121.33M$271.35M$138.06M$44.73M$78.22M$246.68M$274.95M$193.43M$168.05M$195.00M$167.47M$131.41M$124.02M$147.37M$234.64M$102.27M$34.95M$130.21M$99.53M$36.82M$45.98M$48.50M$50.82M
High Forecast$156.87M$179.33M$117.77M$116.42M$135.63M$369.45M$199.39M$123.69M$325.62M$138.69M$45.60M$79.74M$296.01M$280.29M$232.11M$170.44M$234.00M$169.85M$133.28M$125.79M$176.84M$237.98M$103.73M$35.45M$156.25M$100.95M$37.35M$46.64M$58.20M$60.98M
Low Forecast$151.16M$172.80M$113.49M$112.19M$130.69M$356.00M$166.83M$119.19M$217.08M$137.44M$43.94M$76.84M$197.34M$270.08M$154.74M$165.72M$156.00M$165.14M$129.58M$122.30M$117.90M$231.37M$100.85M$34.47M$104.16M$98.14M$36.31M$45.34M$38.80M$40.66M
Surprise %----------0.56%1.23%0.36%0.74%1.49%1.35%1.29%1.57%1.29%1.61%1.36%1.55%1.86%2.85%1.21%1.14%-0.16%1.48%1.13%0.95%

Nexstar Media Group's average Quarter net income forecast for Dec 23 is $138.06M, with a range of $137.44M to $138.69M. NXST's average Quarter net income forecast represents a 452.25% increase compared to the company's last Quarter net income of $25.00M (Sep 23).

Nexstar Media Group SG&A Forecast

Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18
# Analysts4333345436333444433339999555512
SG&A----------$229.00M$262.00M$218.00M$277.50M$208.30M$216.30M$201.40M$280.11M$258.19M$242.51M$243.44M$273.89M$226.54M$193.24M$218.38M$260.48M$183.08M$144.06M$142.36M$141.91M
Avg Forecast$248.60M$250.98M$236.64M$232.90M$235.10M$300.05M$254.15M$238.42M$267.25M$244.40M$215.44M$230.06M$242.95M$277.15M$294.53M$229.18M$192.06M$229.36M$213.46M$208.81M$178.57M$249.56M$201.34M$168.40M$181.21M$198.44M$119.50M$121.25M$125.77M$149.86M
High Forecast$252.31M$254.73M$240.17M$236.38M$238.60M$304.53M$256.02M$241.98M$320.70M$248.10M$218.66M$233.49M$291.54M$281.28M$353.44M$231.69M$230.47M$231.87M$215.80M$211.09M$214.28M$252.29M$203.54M$170.25M$217.45M$200.62M$120.81M$122.58M$150.93M$179.83M
Low Forecast$245.21M$247.57M$233.42M$229.73M$231.89M$295.96M$252.28M$235.18M$213.80M$242.55M$212.51M$226.92M$194.36M$273.37M$235.63M$226.73M$153.65M$226.91M$211.18M$206.57M$142.85M$246.89M$199.18M$166.60M$144.97M$196.32M$118.22M$119.96M$100.62M$119.89M
Surprise %----------1.06%1.14%0.90%1.00%0.71%0.94%1.05%1.22%1.21%1.16%1.36%1.10%1.13%1.15%1.21%1.31%1.53%1.19%1.13%0.95%

Nexstar Media Group's average Quarter SG&A projection for Dec 23 is $244.40M, based on 6 Wall Street analysts, with a range of $242.55M to $248.10M. The forecast indicates a 6.72% rise compared to NXST last annual SG&A of $229.00M (Sep 23).

Nexstar Media Group EPS Forecast

Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18
# Analysts4333345436333444433339999555512
EPS----------$0.71$2.68$2.40$5.42$7.45$5.66$6.15$6.40$4.07$4.70$4.64$8.32$4.24$2.20$3.43$2.46$-0.13$1.48$1.20$1.04
Avg Forecast$4.62$5.28$3.47$3.43$4.00$10.89$5.50$3.65$3.97$4.15$1.34$2.35$2.56$8.26$5.39$5.05$4.89$5.03$3.95$3.73$3.54$7.05$3.07$1.05$2.88$2.99$1.11$1.38$1.01$1.13
High Forecast$4.71$5.39$3.54$3.50$4.07$11.10$5.99$3.72$4.05$4.17$1.37$2.40$2.61$8.42$5.50$5.12$4.96$5.10$4.00$3.78$3.59$7.15$3.12$1.06$2.92$3.03$1.12$1.40$1.02$1.36
Low Forecast$4.54$5.19$3.41$3.37$3.93$10.69$5.01$3.58$3.90$4.13$1.32$2.31$2.51$8.11$5.30$4.98$4.82$4.96$3.89$3.67$3.49$6.95$3.03$1.04$2.84$2.95$1.09$1.36$0.99$0.90
Surprise %----------0.53%1.14%0.94%0.66%1.38%1.12%1.26%1.27%1.03%1.26%1.31%1.18%1.38%2.10%1.19%0.82%-0.12%1.07%1.19%0.92%

According to 6 Wall Street analysts, Nexstar Media Group's projected average Quarter EPS for Dec 23 is $4.15, with a low estimate of $4.13 and a high estimate of $4.17. This represents a 484.17% increase compared to NXST previous annual EPS of $0.71 (Sep 23).

Nexstar Media Group Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
AMCXAMC Networks$8.69$26.67206.90%Hold
SBGISinclair Broadcast Group$13.80$27.4398.77%Buy
LGF-ALions Gate Entertainment$7.87$11.7549.30%Buy
MCSMarcus$14.49$20.0038.03%Buy
NXSTNexstar Media Group$166.97$205.4023.02%Buy
FWONAFormula One Group$70.03$83.0018.52%Buy
MSGSMadison Square Garden Sports$204.78$230.0012.32%Buy

NXST Forecast FAQ


Yes, according to 7 Wall Street analysts, Nexstar Media Group (NXST) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 5 'Buy' recommendations, accounting for 71.43% of NXST's total ratings.

Nexstar Media Group (NXST) average price target is $205.4 with a range of $186 to $221, implying a 23.02% from its last price of $166.97. The data is based on 7 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for NXST stock, the company can go up by 23.02% (from the last price of $166.97 to the average price target of $205.4), up by 32.36% based on the highest stock price target, and up by 11.40% based on the lowest stock price target.

NXST's average twelve months analyst stock price target of $205.4 does not support the claim that Nexstar Media Group can reach $300 in the near future.

1 Wall Street analyst forecast a $186 price target for Nexstar Media Group (NXST) this month, up 11.40% from its last price of $166.97. Compared to the last 3 and 12 months, the average price target increased by 11.40% and increased by 21.28%, respectively.

Nexstar Media Group's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $5.55B (high $5.63B, low $5.49B), average EBITDA is $2.27B (high $2.41B, low $2.14B), average net income is $938.21M (high $1.02B, low $859.09M), average SG&A $1.06B (high $1.12B, low $997.22M), and average EPS is $24 (high $24.85, low $23.19). NXST's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $5.14B (high $5.22B, low $5.07B), average EBITDA is $2.07B (high $2.1B, low $2.04B), average net income is $538.7M (high $549.16M, low $529.16M), average SG&A $955.63M (high $969.89M, low $942.61M), and average EPS is $16.18 (high $16.5, low $15.9).

Based on Nexstar Media Group's last annual report (Dec 2023), the company's revenue was $4.93B, which missed the average analysts forecast of $4.95B by -0.39%. Apple's EBITDA was $1.92B, missing the average prediction of $2B by -4.03%. The company's net income was $346M, missing the average estimation of $507.69M by -31.85%. Apple's SG&A was $1.1B, beating the average forecast of $932.85M by 17.49%. Lastly, the company's EPS was $0.0097, missing the average prediction of $10.4 by -99.91%. In terms of the last quarterly report (Sep 2023), Nexstar Media Group's revenue was $1.13B, missing the average analysts' forecast of $1.16B by -2.36%. The company's EBITDA was $347M, missing the average prediction of $466.54M by -25.62%. Nexstar Media Group's net income was $25M, missing the average estimation of $44.73M by -44.11%. The company's SG&A was $229M, beating the average forecast of $215.44M by 6.29%. Lastly, the company's EPS was $0.71, missing the average prediction of $1.34 by -47.16%