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RBC Capital Sticks to Its Buy Rating for Nexxen International (NEXN)

Tipranks - Tipranks - Wed Feb 11, 8:50PM CST

In a report released on February 9, Matthew Swanson from RBC Capital maintained a Buy rating on Nexxen International, with a price target of $10.00. The company’s shares closed yesterday at $6.07.

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According to TipRanks, Swanson is an analyst with an average return of -8.9% and a 35.64% success rate. Swanson covers the Technology sector, focusing on stocks such as Zeta Global Holdings Corp, Adobe, and International Business Machines.

Currently, the analyst consensus on Nexxen International is a Strong Buy with an average price target of $11.33.

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Based on Nexxen International’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $94.79 million and a net profit of $4.21 million. In comparison, last year the company earned a revenue of $90.18 million and had a net profit of $14.54 million

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