Analyst Maria Ripps of Canaccord Genuity maintained a Buy rating on Nexxen International, retaining the price target of $14.00.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Maria Ripps has given her Buy rating due to a combination of factors that highlight Nexxen International’s strategic progress and financial performance. The company reported solid Q2 results, with adjusted EBITDA exceeding expectations and growth driven by data products and self-service offerings. Despite a slight deceleration in CTV growth, Nexxen’s advancements in its AI product suite and strategic partnerships, such as the expanded agreement with VIDAA, position it well for future growth.
Furthermore, Nexxen reiterated its FY25 guidance, indicating confidence in its ability to achieve growth targets, supported by current booking trends and potential new partnerships. The valuation remains attractive, with shares trading at a low multiple of future revenue and EBITDA, which presents a favorable risk-reward scenario. These elements collectively underpin Maria Ripps’s positive outlook and Buy rating for Nexxen International.
In another report released today, Scotiabank also maintained a Buy rating on the stock with a $17.00 price target.
NEXN’s price has also changed slightly for the past six months – from $10.130 to $9.900, which is a -2.27% drop .