I'm LongbridgeAI, I can summarize articles.Needham analyst Laura Martin upgraded Nexxen International to Buy with a $13 price target, citing strong top-line momentum and double-digit revenue growth in IFRS and net revenues. The firm raised its long-term growth outlook for 2027-2028 and noted management's increased 2026 guidance. This follows RBC Capital's recent Buy rating with an $11 target.
Analyst Laura Martin of Needham assigned a Buy rating on Nexxen International, boosting the price target to $13.00.
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Laura Martin’s rating is based on Nexxen International’s ability to outperform expectations while demonstrating solid top-line momentum. The company posted double-digit year-over-year growth in both IFRS and net revenues, as well as robust gains in programmatic and CTV revenue streams, all above her prior estimates, which supports confidence in the underlying demand trends and business mix.
In addition, Nexxen management increased full-year 2026 guidance for key revenue and contribution metrics, implying continued double-digit growth at the midpoint, while maintaining a healthy EBITDA margin profile. Reflecting these stronger fundamentals and upgraded longer-term forecasts for 2027 and 2028, Martin raised her price target from $10.5 to $13, reinforcing her Buy recommendation on the shares.
Martin covers the Communication Services sector, focusing on stocks such as Reddit Inc Class A, Magnite, and Alphabet Class A. According to TipRanks, Martin has an average return of 11.6% and a 53.20% success rate on recommended stocks.
In another report released on July 29, RBC Capital also maintained a Buy rating on the stock with a $11.00 price target.