
NEXN Stock Forecast & Price Target
NEXN Analyst Ratings
Bulls say
Nexxen International Ltd has demonstrated impressive growth in its connected TV (CTV) segment, with CTV revenue reaching $26 million, representing a 40% year-over-year increase, and now accounting for 37% of total programmatic revenue, a notable increase from 29% in the prior quarter. Additionally, video revenue has surged to comprise 75% of programmatic revenue, up from 66% in the previous quarter, indicating a strong demand for video advertising solutions. The company has a history of generating high incremental margins, evidenced by a peak EBITDA margin of 47% in 2021, which underlines the potential for further margin expansion as sales execution continues to improve.
Bears say
Nexxen International faces significant challenges related to the integration of its technology stack, which may hinder new product releases and require extensive recoding. The delayed integration with Amobee has adversely affected the company's operational execution throughout 2023, raising concerns about equity dilution at its current valuation. While there were some positive metrics, such as a 32% year-over-year growth in self-service contribution ex-TAC, the substantial decline of 22% in display contribution ex-TAC highlights vulnerabilities in its revenue streams.
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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