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Nexxen International (NEXN) Gets a Buy from Scotiabank

Tipranks - Tipranks - Thu Jun 18, 6:06AM CDT

In a report released today, Nat Schindler from Scotiabank maintained a Buy rating on Nexxen International, with a price target of $11.00.

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According to TipRanks, Schindler is a 3-star analyst with an average return of 3.1% and a 45.56% success rate. Schindler covers the Communication Services sector, focusing on stocks such as Trade Desk, Alphabet Class C, and Nexxen International.

In addition to Scotiabank, Nexxen International also received a Buy from Needham’s Laura Martin in a report issued today. However, yesterday, Craig-Hallum maintained a Hold rating on Nexxen International (NASDAQ: NEXN).

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Based on Nexxen International’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $86.84 million and a GAAP net loss of $5.32 million. In comparison, last year the company earned a revenue of $78.33 million and had a net profit of $1.63 million

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