Needham raised the firm’s price target on Nexxen (NEXN) to $14 from $12 and keeps a Buy rating on the shares. The firm cites the company’s better than expected Q1 results, particularly its strong CTV revenue growth, expanding end-to-end adoption, and strong operating leverage, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NEXN:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue