Benchmark Forecasts Strong Price Appreciation for Nexstar Media Group (NASDAQ:NXST) Stock

Nexstar Media Group (NASDAQ:NXST) had its price target lifted by research analysts at Benchmark from $250.00 to $300.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Benchmark’s price target indicates a potential upside of 19.51% from the company’s current price.

Several other equities research analysts have also commented on NXST. Deutsche Bank Aktiengesellschaft boosted their price target on Nexstar Media Group from $225.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Guggenheim lifted their price objective on Nexstar Media Group from $250.00 to $290.00 and gave the stock a “buy” rating in a report on Friday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Nexstar Media Group in a research report on Monday, December 29th. Finally, Citigroup dropped their price target on Nexstar Media Group from $218.00 to $204.00 and set a “neutral” rating for the company in a research report on Tuesday, November 25th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Nexstar Media Group presently has an average rating of “Moderate Buy” and a consensus price target of $251.29.

Nexstar Media Group Stock Up 2.0%

Shares of NASDAQ NXST opened at $251.02 on Friday. The stock has a market capitalization of $7.61 billion, a price-to-earnings ratio of 85.38, a price-to-earnings-growth ratio of 0.98 and a beta of 0.85. Nexstar Media Group has a 52 week low of $141.66 and a 52 week high of $254.30. The firm has a 50-day moving average price of $217.69 and a 200 day moving average price of $204.91. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 2.76.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Cross Staff Investments Inc acquired a new stake in shares of Nexstar Media Group during the 4th quarter worth about $203,000. Compound Planning Inc. purchased a new position in shares of Nexstar Media Group during the fourth quarter valued at approximately $252,000. Corient Private Wealth LLC lifted its stake in shares of Nexstar Media Group by 1,595.7% during the fourth quarter. Corient Private Wealth LLC now owns 114,813 shares of the company’s stock valued at $23,313,000 after buying an additional 108,042 shares during the period. Vident Advisory LLC boosted its position in Nexstar Media Group by 27.8% during the fourth quarter. Vident Advisory LLC now owns 12,529 shares of the company’s stock worth $2,544,000 after acquiring an additional 2,729 shares during the last quarter. Finally, EP Wealth Advisors LLC purchased a new stake in Nexstar Media Group in the 4th quarter worth approximately $384,000. Institutional investors and hedge funds own 95.30% of the company’s stock.

Trending Headlines about Nexstar Media Group

Here are the key news stories impacting Nexstar Media Group this week:

• Positive Sentiment: Several firms raised targets and reiterated buys/overweights — Benchmark boosted its target to $300 and kept a Buy, Wells Fargo raised its target to $290 with an Overweight, and Guggenheim raised its target to $290 and kept a Buy. These upgrades imply meaningful upside and likely helped push the stock higher. Benzinga
• Neutral Sentiment: Q4 revenue ($1.29B) came in roughly above consensus ($1.25B) but was down ~13% YoY, showing top-line resilience even as advertising weakness persists. Yahoo Finance
• Neutral Sentiment: Company earnings call/transcript coverage and analyst commentary highlight that NXST’s underlying operations appear stable and that on a non‑GAAP forward multiple it looks inexpensive versus peers — a valuation point investors may focus on if regulatory risks ease. Seeking Alpha
• Negative Sentiment: Big GAAP EPS miss: Nexstar reported ($5.63) EPS vs. consensus ~$4.01, driven in part by a $381M impairment and the absence of election-year advertising — a material hit that explains part of investor caution despite analyst upgrades. MarketBeat Earnings
• Negative Sentiment: Regulatory and legal uncertainty around the proposed Tegna acquisition remains a significant overhang; analysts and coverage note that regulatory hurdles could materially affect NXST’s outlook and deal thesis. Seeking Alpha
• Negative Sentiment: Short interest rose ~21.5% in February to ~2.2M shares (≈7.8% of float), increasing potential downside pressure or volatility if sentiment turns negative. (Data reported through Feb. 13.)

About Nexstar Media Group

Nexstar Media Group, Inc is a diversified American media company engaged primarily in the ownership, operation and strategic affiliation of local television stations, digital platforms and cable networks. The company provides a range of broadcast content, including local news, sports coverage, entertainment programming and syndicated shows, reaching audiences in more than 100 television markets across the United States.

Founded in 1996 by entrepreneur Perry Sook and headquartered in Irving, Texas, Nexstar has built its presence through organic growth and a series of high-profile acquisitions.