RBC Capital Reaffirms Their Buy Rating on Nexxen International (NEXN)
RBC Capital analyst Matthew Swanson maintained a Buy rating on Nexxen International yesterday and set a price target of $12.00. The company’s shares closed yesterday at $6.33.
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Swanson covers the Technology sector, focusing on stocks such as Adobe, International Business Machines, and Zeta Global Holdings Corp. According to TipRanks, Swanson has an average return of -3.8% and a 39.89% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Nexxen International with a $10.33 average price target.
Based on Nexxen International’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $90.95 million and a net profit of $8.67 million. In comparison, last year the company earned a revenue of $88.58 million and had a net profit of $2.92 million
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