Nexxen (NEXN) PT Raised to $14 at RBC Capital

RBC Capital analyst Matthew Swanson raised the price target on Nexxen (NASDAQ: NEXN) to $14.00 (from $13.00) while maintaining an Outperform rating.

The analyst commented: "Overall, we've seen peer results align with our checks, showing a solid demand environment to start the year while guidance has shown prudent conservatism. We expect Nexxen to deliver similar results as we continue to focus on CTV and adj-EBITDA as key metrics, both of which should perform well to start the year. We have reduced our revenue estimate by 200 bps, reflecting a more conservative view of the macro, while we maintain our OP rating and increase our PT to $14 as we turn to CY/26 estimates."

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