Wells Fargo sets USD 249.00 target for Nexstar Media Group stock
Published on 10/15/2026 at 22:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and reporting date
- Wells Fargo analyst Steven Cahall set a USD 249.00 target on October 14, 2026.
- Second-quarter revenue reached USD 1.99 billion, up 62.20 percent year over year.
- Nexstar Media Group stock costs EUR 146.80 at Lang & Schwarz on October 15, 2026 at 11:15 p.m. CEST, plus 2.71 percent on Nasdaq.
- Nexstar is scheduled to report third-quarter results on November 5, 2026.
On October 14, 2026, Wells Fargo analyst Steven Cahall assigned Nexstar Media Group a Buy rating and a USD 249.00 price target, according to Markets Insider. Against the Nasdaq price of USD 164.65, the target stands 51.26 percent higher. At Lang & Schwarz, the stock was trading at EUR 146.80 on October 15, 2026 at 11:15 p.m. CEST; the Nasdaq session was up 2.71 percent.
Quarterly revenue rose 62.20 percent
Nexstar's second-quarter 2026 revenue reached USD 1.99 billion, an increase of 62.20 percent from the year-earlier quarter, while reported earnings per share came to USD 3.61. MarketBeat reported that the earnings-per-share figure missed a USD 5.98 consensus estimate, even as revenue exceeded the USD 1.97 billion estimate.
The yearly range remains wide
The Nasdaq price of USD 164.65 on October 15, 2026 stood 35.26 percent below the 52-week high of USD 254.30 and 7.49 percent above the low of USD 153.17. Nexstar's market capitalization was USD 5.1 billion, with 388,869 shares traded against an average volume of 345,231 shares.
Valuation and November 5 results
The stock carried a price-to-earnings ratio of 31.36 on October 15, 2026. Nexstar is scheduled to report third-quarter 2026 results on November 5, 2026, before the Nasdaq open, with the date listed by MarketBeat. The same preview gives consensus estimates of USD 8.06 for earnings per share and USD 2.07 billion for revenue.
Comparison with peers
Nexstar Media Group (Nasdaq, USD): plus 2.71 percent, P/E 31.36, market capitalization USD 5.1 billion.
Gray Media (NYSE, USD): plus 3.00 percent, P/E minus 9.49, market capitalization USD 415.3 million.
Sinclair (Nasdaq, USD): plus 2.58 percent, P/E 16.81, market capitalization USD 916.5 million.
After-hours price stays above the low
The euro quotation places the stock in the after-hours phase for German investors, while the Nasdaq comparison shows a separate home-market session result. The upcoming November 5 reporting date gives the analyst target and the second-quarter revenue figure a clear calendar point.
At Lang & Schwarz, Nexstar Media Group stock was trading at EUR 146.80 on October 15, 2026 at 11:15 p.m. CEST. The Nasdaq session was up 2.71 percent on that date.
The further course of trading is shown by the continuously updated real-time quote of Nexstar Media Group stock.
Nexstar Media Group stock facts
- Company: Nexstar Media Group, Inc.
- ISIN: US65336K1034
- Ticker: NXST
- Primary exchange: Nasdaq Global Market
- Price Lang & Schwarz (as of October 15, 2026, 11:15 p.m. CEST): EUR 146.80
- Change on Nasdaq: plus 2.71 percent
- Market capitalization: USD 5.1 billion (as of October 15, 2026)
- 52-week range: USD 153.17-254.30 (as of October 15, 2026)
- Sector / Industry: Communication Services / Broadcasting
Market context: Market report Nasdaq Composite.
