Raymond James Reiterates Buy Rating on Nexxen International Ltd.
Raymond James maintains a Buy rating on Nexxen with an $11 price target, a 27.31% upside from the current price.
Key Points
- Raymond James reiterated its Buy rating on Nexxen International Ltd. with a price target of $11.
- Raymond James's $11 price target implies 27.31% upside from Nexxen International Ltd.'s ($NEXN) current $8.64 share price.
- Nexxen's stock trades at $8.75, with a market cap of $487.6 million and a forward P/E of 7.17.
- Insider CFO Niri Sagi sold shares in planned transactions, while analysts maintain positive ratings.
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Raymond James reiterated its Buy rating for Nexxen International Ltd. (NasdaqGM: NEXN) on June 17, 2026. The firm set a price target of $11 for the stock, which is currently trading at $8.75.
Nexxen International Ltd. Stock Down 15.5%
Shares of NasdaqGM:NEXN are trading around $8.75. Nexxen International Ltd. has a market capitalization of approximately $487.6 million. The company sports a P/E ratio of 29.17 and a forward P/E of 7.17, indicating expectations of future earnings growth. Its beta of 1.481 suggests higher volatility compared to the market. The stock's 52-week range is between $5.60 and $11.59, with moving averages of $7.82 over 50 days and $7.44 over 200 days.
$NEXN price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Nexxen International reported $373.3 million in revenue, reflecting a growth rate of 10.9%. The company achieved a net margin of 4.85% and a return on equity of 3.73%. Earnings per share stood at $0.30. The next earnings release is scheduled for August 12, 2026.
Insider Buying and Selling at Nexxen International Ltd.
Niri Sagi, the Chief Financial Officer of Nexxen International, executed several planned sales of company shares in June 2026. Sagi sold 33,757 shares on June 1 at an average price of $8.63, followed by 18,660 shares on June 2 at $8.52. Additional sales included 13,164 shares on June 4 at $8.54 and smaller transactions throughout the month.
Analysts Set New Price Targets
On June 17, 2026, Raymond James maintained its Buy rating on Nexxen International with an $11 price target. Scotiabank, Needham, and BTIG also reiterated their Buy ratings, setting targets at $11, $10.5, and $10, respectively. The consensus among analysts is a Buy rating, with a mean price target of $12.39 from ten analyst opinions.
About Nexxen International Ltd.
Nexxen International Ltd., headquartered in Tel Aviv, Israel, operates within the Communication Services sector as part of the Advertising Agencies industry. The company provides a comprehensive video-first advertising platform, serving brands, agencies, media groups, and content creators worldwide. With a focus on AI-driven insights and multi-channel campaign management, Nexxen offers solutions for advertisers and publishers to optimize performance and return on investment. The company was founded in 2007 and is led by CEO Mr. Ofer Druker.
Bottom Line
Nexxen International Ltd. remains a focal point for investors, with Raymond James and other analysts affirming their positive outlook on the stock. The recent insider transactions and analyst ratings provide insights into the company's strategic positioning. Investors should note that these ratings are based on past data and may not reflect future performance.
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