Nexstar Media Group Inc (Symbol: NXST) has seen its stock price rise above the average analyst 12-month target price of $229.14, currently trading at $240.04 per share. This significant increase prompts analysts to consider adjusting their target prices or revising their valuations. There are seven different analyst targets affecting the average, ranging from a low of $200 to a high of $250, with a standard deviation of $21.682.
As of now, analyst ratings remain strong, with six “Strong Buy” ratings and two “Hold” ratings, resulting in an average rating of 1.5 (on a scale where 1 is Strong Buy and 5 is Strong Sell). This consistent outlook suggests confidence in the company’s performance despite recent price movements. Investors are now left to evaluate whether the current price signifies a peak or if further growth is anticipated.
