Nexxen Earns Buy Rating as Strong Programmatic and CTV Growth Drive Guidance Raise and Price Target Increase to $13
I'm LongbridgeAI, I can summarize articles.BTIG analyst Tyler DiMatteo maintained a Buy rating on Nexxen (NEXN), raising the price target to $13 from $10. The upgrade reflects strong programmatic and CTV growth, consistent revenue and EBITDA outperformance, and raised full-year guidance. While near-term margin pressure exists due to reinvestment, long-term operating leverage is expected by 2027. Needham also assigned a Buy rating with a $13 target.
BTIG analyst Tyler DiMatteo has maintained their bullish stance on NEXN stock, giving a Buy rating today.
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Tyler DiMatteo has given his Buy rating due to a combination of factors, including Nexxen’s consistent outperformance versus expectations and strengthened outlook for 2026. The company delivered another quarter of revenue and EBITDA above consensus, driven largely by robust programmatic and CTV growth, while management raised full-year guidance and DiMatteo lifted his price target to $13 from $10 to reflect improved fundamentals.
DiMatteo also highlights that Nexxen’s current reinvestment in technology, sales and marketing is temporarily pressuring margins but is likely to unlock meaningful operating leverage from 2027 onward. Combined with favorable industry trends toward streaming, potential upside from U.S. election-related ad spending, and an attractive valuation range supported by solid EBITDA and free cash flow forecasts, he sees a compelling risk-reward that supports a continued Buy recommendation.
DiMatteo covers the Communication Services sector, focusing on stocks such as Sphere Entertainment, Nexxen International, and Madison Square Garden Entertainment Corp.. According to TipRanks, DiMatteo has an average return of 18.0% and an 80.00% success rate on recommended stocks.
In another report released today, Needham also assigned a Buy rating to the stock with a $13.00 price target.