
NEXN Stock Forecast & Price Target
NEXN Analyst Ratings
Bulls say
Nexxen International Ltd has demonstrated significant revenue growth, with its data product revenue rising 102% year-over-year in the fourth quarter of fiscal year 2024, signaling robust demand for its technology solutions. The company's connected TV (CTV) revenues reached $37 million in the same quarter, reflecting an impressive 86% increase year-over-year and accounting for 38% of total programmatic revenues, highlighting a successful pivot towards emerging ad formats. Additionally, Nexxen’s strategic focus on independent ad agencies and strong sales execution further positions the company for accelerated revenue growth in fiscal year 2024, supported by anticipated contributions from newly integrated planning tools and an expanding customer base.
Bears say
Nexxen International Ltd is facing several fundamental challenges that contribute to a negative outlook on its stock. The company's performance revenue line is shrinking significantly, compromising overall revenue growth, while the workforce has decreased from around 1,050 FTEs in late 2022 to just 854 by the end of 2024, indicating ongoing operational reductions. Additionally, broader economic factors such as weak ad demand, intense competition, and increased regulatory scrutiny promise to exacerbate revenue declines and create further headwinds for the company's financial performance.
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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