Lake Street analyst Eric Martinuzzi assigned a Buy rating to Nexxen International (NEXN – Research Report) today and set a price target of $7.00. The company’s shares closed last Friday at $5.29.
Martinuzzi covers the Technology sector, focusing on stocks such as Par Technology, Quantum, and Asure. According to TipRanks, Martinuzzi has an average return of 6.6% and a 45.77% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Nexxen International with a $7.17 average price target, which is a 35.54% upside from current levels. In a report released on March 1, RBC Capital also assigned a Buy rating to the stock with a $8.00 price target.
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The company has a one-year high of $7.77 and a one-year low of $3.16. Currently, Nexxen International has an average volume of 71.04K.
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Nexxen International (NEXN) Company Description:
Tremor International Ltd offers advertising technologies with operations in more than 60 countries. It offers data-focused marketing solutions that drive brand insight in mobile, leveraging video, native, and display to reach the users for every app, service, and brand. The group’s business divisions include Tremor Video, Unruly, RhythmOne, and Taptica. Geographically, it derives a majority of revenue from America and also has a presence in Asia, Europe, Israel, China, and other countries.
Read More on NEXN:
- Nexxen reaches settlement agreement with Alphonso, LG Electronics
- Nexxen Reaches Favorable Settlement Agreement with Alphonso Inc. and LG Electronics, Inc. and Enters into Multi-Year Strategic Partnership
- Nexxen to Announce Fourth Quarter 2023 Financial Results on March 6, 2024
- Nexxen Enhances TV Intelligence Solution with Premium Streaming Data Through Exclusive Agreement with PeerLogix
- Nexxen and TCL FFALCON Expand Partnership, Bringing Native Display Inventory to Advertisers
