Raymond James Sticks to Its Buy Rating for Nexxen International (NEXN)

In a report released today, Andrew Marok from Raymond James maintained a Buy rating on Nexxen International (NEXN – Research Report), with a price target of $15.00. The company’s shares closed yesterday at $10.97.

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Marok covers the Communication Services sector, focusing on stocks such as Nexxen International, Take-Two, and Integral Ad Science. According to TipRanks, Marok has an average return of 7.9% and a 55.56% success rate on recommended stocks.

Nexxen International has an analyst consensus of Strong Buy, with a price target consensus of $12.00, representing a 9.39% upside. In a report released today, Craig-Hallum also reiterated a Buy rating on the stock with a $18.00 price target.

Based on Nexxen International’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $112.28 million and a net profit of $24.85 million. In comparison, last year the company earned a revenue of $95.92 million and had a net profit of $3.23 million