Benchmark Boosts Nexstar Media Group Stock Price Target

Research firm raises price target on NXST shares to $300, citing strong business outlook

Published on Feb. 27, 2026

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Benchmark, a research firm, has increased its price target for Nexstar Media Group (NASDAQ:NXST) stock from $250 to $300 and maintained a "buy" rating on the shares. The analysts cited Nexstar's strong business performance and positive outlook as reasons for the target price hike.

Why it matters

Nexstar Media Group is one of the largest local television station operators in the United States, with a portfolio of over 200 stations. The company's stock performance is closely watched as an indicator of the health of the local media industry. Benchmark's bullish stance on Nexstar suggests that analysts see continued growth potential for the company despite some near-term headwinds.

The details

In its report, Benchmark noted that Nexstar's recent financial results have been solid, with the company beating revenue estimates in the fourth quarter. While earnings per share missed expectations due to a one-time impairment charge and the absence of election-year advertising, the analysts believe Nexstar's underlying operations remain stable. Benchmark also cited Nexstar's proposed acquisition of Tegna, a major TV station group, as a potential catalyst for the stock, although they acknowledged the regulatory uncertainty surrounding that deal.

  • Benchmark issued its updated price target and rating on Nexstar on February 27, 2026.

The players

Nexstar Media Group

A diversified American media company that owns and operates local television stations and digital platforms across the United States.

Benchmark

A research firm that provides investment analysis and recommendations to its clients.

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The takeaway

Benchmark's positive outlook on Nexstar Media Group suggests that the company's business fundamentals remain strong, despite some near-term challenges. The increased price target reflects analysts' confidence in Nexstar's ability to navigate the evolving media landscape and continue delivering value for shareholders.