
NXST Stock Forecast & Price Target
NXST Analyst Ratings
Bulls say
Nexstar Media Group's extensive portfolio, which includes over 200 television stations across 116 markets and a significant presence in valuable swing states, positions the company to enhance its advertising and political revenue generation capabilities. With a merger with Tegna pending approval, Nexstar's total number of stations could increase to 259, reaching 80% of the US population, thereby amplifying its market influence and allowing for greater economies of scale in production and sales. Despite an anticipated increase in leverage to approximately 4x at closing, the strengthened in-market scale is expected to enable Nexstar to deliver a robust news product while competing effectively in the media landscape.
Bears say
Nexstar Media Group's extensive portfolio of over 200 television stations, including a merger with Tegna that could expand its reach to 259 stations, presents a significant concentration in an increasingly competitive media landscape. The company faces challenges related to changing consumer preferences towards digital content consumption and potential regulatory hurdles associated with its growth strategy, which could impact revenue and profitability. Additionally, Nexstar's financial performance may be adversely affected by rising costs associated with programming and distribution, as well as a declining advertising market, leading to concerns about its long-term financial health.
This aggregate rating is based on analysts' research of Nexstar Media Group and is not a guaranteed prediction by Public.com or investment advice.
NXST Analyst Forecast & Price Prediction
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