Nexxen International Gets Price Target Hike to $13.00 by Royal Bank Of Canada

Nexxen International (NASDAQ:NEXN) received an updated price target from Royal Bank Of Canada, which now estimates that the stock should reach $13.00. This new target represents a potential upside of 23.52% from Nexxen's previous close.

This is not the first time analysts have raised their price targets for Nexxen International. Other firms such as Raymond James Financial, Scotiabank, Craig Hallum, and BTIG Research have also increased their estimates in recent weeks.

Nexxen International has seen a number of positive developments in recent months. The company reported strong quarterly earnings results, with EPS coming in at $0.23, beating analyst expectations. Revenue also exceeded projections, reaching $100.52 million.