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Nexxen price target raised to $14 from $12 at Needham

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.

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