Wall Street Analysts See Upside Potential for 5 Stocks with Rising Price Targets

Page 5 of 5

01. Nexstar Media Group, Inc. (NASDAQ:NXST)

Upside Potential: 64%

On September 5, Rosenblatt Securities raised its price target for Nexstar Media Group, Inc. (NASDAQ:NXST) from $228.00 to $230.00, maintaining its “Buy” rating for its shares. The updated target price suggests a substantial 64% potential for the stock to increase in value. Despite the stock experiencing a minor decrease of 0.9%, this upward adjustment reflects Rosenblatt Securities’ optimistic outlook on Nexstar Media Group, Inc. (NASDAQ:NXST). The revised price target indicates Rosenblatt Securities’ confidence in Nexstar Media Group, Inc. (NASDAQ:NXST), suggesting that the company may not only justify its existing “Buy” rating but potentially reach the newly established target of $230.00. This adjustment underscores their positive sentiment regarding Nexstar Media Group, Inc. (NASDAQ:NXST) future performance.

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily newsletter to get  the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also check out our articles on 10 Jim Cramer Stock Picks this Week and Jim Chanos’ 10 Short Positions in 2023.

Page 5 of 5