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NASDAQ: NXST
Nexstar Media Group Inc Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsDividendOwnership

Analyst price target for NXST

Based on 5 analysts offering 12 month price targets for Nexstar Media Group Inc.
Min Forecast
$175.00-16.42%
Avg Forecast
$215.60+2.97%
Max Forecast
$237.00+13.19%

Should I buy or sell NXST stock?

Based on 5 analysts offering ratings for Nexstar Media Group Inc.
Strong Buy
Strong Buy
4 analysts 80%
Buy
0 analysts 0%
Hold
1 analysts 20%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

Be the first to know when Wall Street analysts revise their NXST stock forecasts and price targets.

NXST stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Rosenblatt
Bottom 9%
9
Strong BuyMaintains$237.00+13.19%2022-11-09
Wells Fargo
Top 24%
77
HoldDowngrades$175.00-16.42%2022-11-09
Deutsche Bank
Top 30%
71
Strong BuyMaintains$225.00+7.46%2022-05-12
Deutsche Bank
Top 25%
76
Strong BuyMaintains$216.00+3.16%2022-03-02Find out why
Benchmark
Top 7%
94
Strong BuyMaintains$225.00+7.46%2022-02-23Find out why

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Forecast return on equity

Is NXST forecast to generate an efficient return?
Company
40.27%
Industry
232.69%
Market
47.84%
NXST's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is NXST forecast to generate an efficient return on assets?
Company
9%
Industry
70.98%
NXST is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

NXST earnings per share forecast

What is NXST's earnings per share in the next 2 years based on estimates from 3 analysts?
Avg 1 year Forecast
$21.77-15.13%
Avg 2 year Forecast
$31.25+21.83%
NXST's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

NXST revenue forecast

What is NXST's revenue in the next 2 years based on estimates from 2 analysts?
Avg 1 year Forecast
$5.2B+4.86%
Avg 2 year Forecast
$5.9B+18.27%
NXST's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

NXST earnings growth forecast

How is NXST forecast to perform vs Broadcasting companies and vs the US market?
Company
-15.13%
Industry
27.73%
Market
84.98%
NXST's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
NXST's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
NXST's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

NXST revenue growth forecast

How is NXST forecast to perform vs Broadcasting companies and vs the US market?
Company
4.86%
Industry
-15.59%
Market
70.63%
NXST's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
NXST's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

NXST vs Broadcasting Stocks

TickerPricePrice TargetUp/downsideConsensus
NXST$209.38$215.60+2.97%Strong Buy
TGNA$20.22$24.00+18.69%Hold
TV$6.15$9.13+48.37%Buy
NWSA$21.17$27.50+29.90%Strong Buy
SBGI$21.38$27.00+26.29%Hold
View Top Broadcasting Stocks

Nexstar Media Group Stock Forecast FAQ

Is Nexstar Media Group Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 5 Wall Street analysts covering (NASDAQ: NXST) stock is to Strong Buy NXST stock.

Out of 5 analysts, 4 (80%) are recommending NXST as a Strong Buy, 0 (0%) are recommending NXST as a Buy, 1 (20%) are recommending NXST as a Hold, 0 (0%) are recommending NXST as a Sell, and 0 (0%) are recommending NXST as a Strong Sell.

If you're new to stock investing, here's how to buy Nexstar Media Group stock.

What is NXST's earnings growth forecast for 2023-2024?

(NASDAQ: NXST) Nexstar Media Group's forecast annual earnings growth rate of -15.13% is not forecast to beat the US Broadcasting industry's average forecast earnings growth rate of 27.73%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 84.98%.

Nexstar Media Group's earnings in 2023 is $1,031,793,000.On average, 3 Wall Street analysts forecast NXST's earnings for 2023 to be $820,912,804, with the lowest NXST earnings forecast at $707,033,306, and the highest NXST earnings forecast at $908,019,307.

In 2024, NXST is forecast to generate $1,178,388,844 in earnings, with the lowest earnings forecast at $1,113,153,237 and the highest earnings forecast at $1,243,247,366.

What is NXST's revenue growth forecast for 2023-2024?

(NASDAQ: NXST) Nexstar Media Group's forecast annual revenue growth rate of 4.86% is forecast to beat the US Broadcasting industry's average forecast revenue growth rate of -15.59%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 70.63%.

Nexstar Media Group's revenue in 2023 is $4,970,138,000.On average, 2 Wall Street analysts forecast NXST's revenue for 2023 to be $196,526,412,179, with the lowest NXST revenue forecast at $193,908,126,439, and the highest NXST revenue forecast at $199,144,697,918.

In 2024, NXST is forecast to generate $221,661,163,402 in revenue, with the lowest revenue forecast at $220,767,850,388 and the highest revenue forecast at $222,554,476,417.

What is NXST's forecast return on assets (ROA) for 2023-2024?

(NASDAQ: NXST) forecast ROA is 9%, which is lower than the forecast US Broadcasting industry average of 70.98%.

What is NXST's Price Target?

According to 5 Wall Street analysts that have issued a 1 year NXST price target, the average NXST price target is $215.60, with the highest NXST stock price forecast at $237.00 and the lowest NXST stock price forecast at $175.00.

On average, Wall Street analysts predict that Nexstar Media Group's share price could reach $215.60 by Nov 9, 2023. The average Nexstar Media Group stock price prediction forecasts a potential upside of 2.97% from the current NXST share price of $209.38.

What is NXST's Earnings Per Share (EPS) forecast for 2023-2024?

(NASDAQ: NXST) Nexstar Media Group's current Earnings Per Share (EPS) is $25.65. On average, analysts forecast that NXST's EPS will be $21.77 for 2023, with the lowest EPS forecast at $18.75, and the highest EPS forecast at $24.08. In 2024, NXST's EPS is forecast to hit $31.25 (min: $29.52, max: $32.97).

What is NXST's forecast return on equity (ROE) for 2023-2024?

(NASDAQ: NXST) forecast ROE is 40.27%, which is considered strong.
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