Laura Martin, an analyst from Needham, maintained the Buy rating on Nexxen International (NEXN – Research Report). The associated price target was raised to $14.00.
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Laura Martin’s rating is based on Nexxen International’s impressive financial performance in the first quarter of 2025. The company reported significant year-over-year growth in various metrics, including a 95% increase in adjusted EBITDA and a substantial rise in non-IFRS EPS from the previous year. Notably, the company’s programmatic and CTV revenues showed strong growth, with CTV revenues reaching a record high, indicating robust demand and successful market penetration.
Additionally, despite facing challenges such as tariff uncertainties, Nexxen International reaffirmed its full-year guidance, showcasing confidence in its strategic direction and operational resilience. The company’s focus on expanding end-to-end adoption and leveraging its AI roadmap for self-funding further supports the positive outlook. These factors collectively contribute to Laura Martin’s Buy rating, reflecting her confidence in Nexxen’s potential for continued growth and value creation.
In another report released today, Citizens JMP also maintained a Buy rating on the stock with a $15.00 price target.