Analyst Laura Martin from Needham maintained a Buy rating on Nexxen International and keeping the price target at $14.00.
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Laura Martin has given her Buy rating due to a combination of factors that highlight Nexxen International’s potential for growth and profitability. The company’s second-quarter results for 2025 showed a 12% year-over-year increase in adjusted EBITDA, which surpassed expectations by 13%. This indicates strong operational efficiency and profitability. Additionally, the company’s licensing revenue, particularly its investment in VIDAA for exclusive data on Hisense and Toshiba TVs, is seen as a strategic move to enhance its market position.
Despite some concerns, such as missing revenue estimates and limited comparability due to non-US GAAP reporting, the positives outweigh the negatives. Programmatic revenues reached a record high, demonstrating robust demand in that segment. Furthermore, the expansion of the adjusted EBITDA margin to 34% reflects improved cost management and operational leverage. These factors collectively support Laura Martin’s positive outlook and Buy rating for Nexxen International.
In another report released yesterday, RBC Capital also maintained a Buy rating on the stock with a $14.00 price target.