
NEXN Stock Forecast & Price Target
NEXN Analyst Ratings
Bulls say
Nexxen International has demonstrated robust growth in connected television (CTV) revenue, which reached $26 million and increased by 40% year-over-year, contributing to CTV accounting for 37% of its programmatic revenue, an increase from 29% in the previous quarter. Additionally, video revenue has surged to comprise 75% of programmatic revenue, up from 66% in the first quarter of 2024, reflecting a strong strategic positioning in the evolving media landscape. The company’s historical performance showcases significant leverage through incremental margins, previously achieving 47% EBITDA margins in 2021, indicating strong potential for margin expansion moving forward.
Bears say
Nexxen International Ltd faces significant challenges stemming from a poorly integrated technology stack, which has the potential to delay new product releases and necessitate additional recoding efforts. The prolonged integration with Amobee has negatively affected operational execution in 2023, contributing to concerns over equity dilution amidst low market valuations. Despite positive growth in self-service contributions and overall revenue, the notable decline of 22% in display contributions ex-TAC raises questions about the sustainability of revenue streams, particularly in non-core areas.
This aggregate rating is based on analysts' research of Nexxen International Ltd. and is not a guaranteed prediction by Public.com or investment advice.
NEXN Analyst Forecast & Price Prediction
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