Nexxen price target raised to $15 from $11 at Citizens JMP

Citizens JMP analyst Matthew Condon raised the firm’s price target on Nexxen (NEXN) to $15 from $11 and keeps an Outperform rating on the shares. Despite the better-than-expected performance in Q1, Nexxen maintained its 2025 guidance for both contribution ex-TAC and EBITDA, citing some softness in the ad market during April following tariff announcements, the analyst tells investors in a research note. The firm remains encouraged by Nexxen’s improving sales execution and share gains in Connected TV, which it thinks can continue to contribute positively to results going forward.