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An announcement from Nexstar Media Group ( (NXST) ) is now available.
On August 18, 2025, Nexstar Media Group announced a definitive agreement to acquire TEGNA Inc. for $6.2 billion, including debt, in a transaction that enhances Nexstar’s position in the media industry. The merger, unanimously approved by TEGNA’s board, will create a combined entity with a significant presence in local media markets, expanding Nexstar’s reach and operational scale. The acquisition is expected to drive increased profitability and shareholder returns, with anticipated annual net synergies of approximately $300 million. The transaction is subject to customary closing conditions and regulatory approvals, with an expected close by the second half of 2026.
The most recent analyst rating on (NXST) stock is a Buy with a $235.00 price target. To see the full list of analyst forecasts on Nexstar Media Group stock, see the NXST Stock Forecast page.
Spark’s Take on NXST Stock
According to Spark, TipRanks’ AI Analyst, NXST is a Outperform.
Nexstar Media Group’s strong financial performance and attractive valuation are the primary drivers of its score. Technical analysis indicates potential overbought conditions, while the earnings call and corporate events highlight both strengths and challenges.
To see Spark’s full report on NXST stock, click here.
More about Nexstar Media Group
Nexstar Media Group is a leading local media company in the television broadcasting industry, providing local news and programming. It operates numerous television stations across the United States, offering a variety of broadcast and digital advertising solutions.
Average Trading Volume: 310,880
Technical Sentiment Signal: Buy
Current Market Cap: $6.26B
For a thorough assessment of NXST stock, go to TipRanks’ Stock Analysis page.