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Wells Fargo Keeps Their Buy Rating on Nexstar Media Group (NXST)

Tipranks - Tipranks - Tue Jan 27, 8:48AM CST

Wells Fargo analyst Steven Cahall maintained a Buy rating on Nexstar Media Group on January 22 and set a price target of $250.00.

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Cahall covers the Communication Services sector, focusing on stocks such as Roku, Liberty Media Liberty Formula One, and Nexstar Media Group. According to TipRanks, Cahall has an average return of 7.8% and a 56.73% success rate on recommended stocks.

In addition to Wells Fargo, Nexstar Media Group also received a Buy from TipRanks – Google’s Google Entertainment in a report issued on January 15. However, on January 24, TipRanks – xAI reiterated a Hold rating on Nexstar Media Group (NASDAQ: NXST).

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Based on Nexstar Media Group’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.2 billion and a net profit of $70 million. In comparison, last year the company earned a revenue of $1.37 billion and had a net profit of $187 million

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