Wells Fargo sets USD 249.00 target for Nexstar Media Group stock
Published on 10/17/2026 at 21:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and quarterly results
- Wells Fargo analyst Steven Cahall assigned a Buy rating and a USD 249.00 target on October 16, 2026.
- Nexstar's second-quarter revenue reached USD 1.99 billion on August 6, 2026.
- Nexstar Media Group stock last traded at USD 164.59 on October 16, 2026 at 4:00 p.m. ET, down 0.04 percent versus the Nasdaq prior close.
- Nexstar will report third-quarter 2026 results on November 5, 2026.
Wells Fargo analyst Steven Cahall assigned Nexstar Media Group a Buy rating and set a USD 249.00 price target on October 16, 2026, as The Globe and Mail reported. Against the Nasdaq price of USD 164.59, that target is 51.28 percent higher. Nexstar Media Group stock last traded at USD 164.59 on October 16, 2026 at 4:00 p.m. ET, down 0.04 percent versus the Nasdaq prior close.
Second-quarter revenue reached USD 1.99 billion
Nexstar's second-quarter 2026 revenue reached USD 1.99 billion, up 62.20 percent from the year-earlier quarter, according to Investing.com on September 24, 2026. The same report said adjusted earnings per share came to USD 3.61 against a USD 5.67 expectation, with acquisition-related costs affecting the result.
Stock sits 7.46 percent above yearly low
The Nasdaq price of USD 164.59 stood 7.46 percent above the 52-week low of USD 153.17 and 35.28 percent below the high of USD 254.30 on October 16, 2026. Trading volume was 308,589 shares, 11.29 percent below the 347,850-share average.
Valuation and November 5 results
Nexstar's market capitalization was USD 5.1 billion on October 16, 2026. Its price-to-earnings ratio was 31.35 and its dividend yield was 0.05 percent. The company has scheduled its third-quarter 2026 results for November 5, 2026, according to its investor calendar.
Comparison with peers
Sinclair (NASDAQ, USD): minus 1.42 percent, P/E 16.57, market capitalization USD 903.5 million
Gray Media (NYSE, USD): minus 1.79 percent, P/E minus 9.32, market capitalization USD 407.8 million
Nasdaq price and next report
Nexstar's next scheduled results date gives the stock a defined calendar marker, while the 52-week placement puts the October 16 price nearer its annual low than its high. Wells Fargo's USD 249.00 target remains 51.28 percent above that Nasdaq price.
The further course of trading is shown by the continuously updated real-time quote of Nexstar Media Group stock.
Nexstar Media Group market data
- Company: Nexstar Media Group, Inc.
- ISIN: US65336K1034
- Ticker: NXST
- Primary exchange: Nasdaq Global Market
- Nasdaq price (as of October 16, 2026, 4:00 p.m. ET): USD 164.59
- Change versus Nasdaq prior close: minus 0.04 percent
- Market capitalization: USD 5.1 billion (as of October 16, 2026)
- 52-week range: USD 153.17-254.30 (as of October 16, 2026)
- Sector / Industry: Communication Services / Broadcasting
- Next earnings date: November 5, 2026
Market context: Market report Nasdaq Composite.
