Nexstar Media Group, Inc. (NXST) Price Target Analysis
Wall Street analyst price targets, ratings consensus & upside potential · Updated May 1, 2026
Current Price
$194.26
Price Target
$250.00
Target Range
$250.00 — $250.00
Analyst Rating
Buy
Forward P/E7.9x
Trailing P/E64.8x
Forward PEG—
Implied Growth+585.8%
Median Target$250.00
Analyst Spread0.0%
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Bear Case
$250
+28.7%
Consensus
$250
+28.7%
Bull Case
$250
+28.7%
Valuation Model TargetsConfidence: 41/100
Bear$809
Base$562
Bull$2537
NXST Price Target Analysis
Updated May 8, 2026As of May 8, 2026, Nexstar Media Group, Inc. (NXST) has a Wall Street consensus price target of $250.00, based on estimates from 24 covering analysts. With the stock currently trading at $194.26, this represents a potential upside of +28.7%. The company has a market capitalization of $5.89B.
Analyst price targets range from a low of $250.00 to a high of $250.00, representing a 0% spread in expectations. The median target of $250.00 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Buy, with 22 analysts rating the stock as a Buy or Strong Buy,2 rating it Hold, and 0 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, NXST trades at a trailing P/E of 64.8x and forward P/E of 7.9x. Analysts expect EPS to grow +585.8% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $562.22, with bear and bull scenarios of $808.83 and $2536.59 respectively. Model confidence stands at 41/100, suggesting limited visibility into future performance.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Communication Services stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside+26.7%
Avg Forward P/E9.7x
Peers with Coverage10 / 10
| Company | Market Cap | Price | Target | Upside | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 GTNGray Media, Inc. | $412M | $4.43 | $8.00 | +80.6% | Buy | 1.8x | 9 |
 SSPThe E.W. Scripps Company | $552M | $4.68 | $3.90 | -16.7% | Hold | 18.7x | 8 |
 SBGISinclair, Inc. | $991M | $14.18 | $17.00 | +19.9% | Buy | 12.3x | 20 |
 TGNATEGNA Inc. | $3.2B | $20.03 | $22.00 | +9.8% | Hold | 6.4x | 17 |
 FOXFox Corporation | $13.3B | $56.50 | $79.00 | +39.8% | Hold | 12.2x | 42 |
 FOXAFox Corporation | $14.0B | $62.69 | $70.17 | +11.9% | Hold | 13.5x | 48 |
 WBDWarner Bros. Discovery, Inc. | $68.0B | $27.12 | $29.94 | +10.4% | Hold | — | 32 |
 CMCSAComcast Corporation | $95.6B | $26.24 | $31.87 | +21.5% | Buy | 7.4x | 60 |
 CHTRCharter Communications, Inc. | $20.3B | $160.24 | $277.40 | +73.1% | Buy | 3.8x | 55 |
 TAT&T Inc. | $176.4B | $25.26 | $29.42 | +16.5% | Hold | 10.9x | 62 |
Upside Potential Comparison
GTNCHTRFOXCMCSASBGITFOXAWBDSee NXST's True Return
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Start ComparisonNXST — Frequently Asked Questions
Quick answers to the most common questions about buying NXST stock.
What is the NXST stock price target for 2026?
The consensus Wall Street price target for NXST is $250, representing 28.7% upside from the current price of $194.257. With 24 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
Is NXST a buy, sell, or hold?
NXST has a consensus rating of "Buy" based on 24 Wall Street analysts. The rating breakdown is predominantly bullish, with 22 Buy/Strong Buy ratings. The consensus 12-month price target of $250 implies 28.7% upside from current levels.
Is NXST stock overvalued or undervalued?
With a forward P/E of 7.8801x, NXST trades at a relatively low valuation. The consensus target of $250 implies 28.7% appreciation, suggesting meaningful undervaluation.
How high can NXST stock go?
The most bullish Wall Street analyst has a price target of $250 for NXST, while the most conservative target is $250. The consensus of $250 represents the median expectation. Our quantitative valuation model projects a bull case target of $2537 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover NXST stock?
NXST is well covered by analysts, with 24 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 22 have Buy ratings, 2 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the NXST stock forecast?
The 12-month NXST stock forecast based on 24 Wall Street analysts shows a consensus price target of $250, with estimates ranging from $250 (bear case) to $250 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $562, with bear/bull scenarios of $809/$2537.
What is NXST's fair value based on fundamentals?
Our quantitative valuation model calculates NXST's fair value at $562 (base case), with a bear case of $809 and bull case of $2537. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 41/100.
What is NXST's forward P/E ratio?
NXST trades at a forward P/E ratio of 7.9x based on next-twelve-months earnings estimates compared to a trailing P/E of 64.8x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy NXST stock?
Wall Street analysts are very optimistic on NXST, with a "Buy" consensus rating and $250 price target (28.7% upside). 22 of 24 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do NXST price targets vary so much?
NXST analyst price targets range from $250 to $250, a 0% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $250 consensus represents the middle ground. Our model's $809-$2537 range provides an independent fundamental perspective.