NXST trades 45.0% below Wall Street's consensus target of $240.00.
Last 12 months price action with 12-month analyst target path
The base valuation assumes NXST achieves its forward estimates and maintains a stable P/E multiple of 5.4x. This scenario reflects the blended consensus of 24 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of September 24, 2026, Nexstar Media Group, Inc. (NXST) has a Wall Street consensus price target of $240.00, based on estimates from 24 covering analysts. With the stock currently trading at $165.57, this represents a potential upside of +45.0%. The company has a market capitalization of $5.06B.
Analyst price targets range from a low of $240.00 to a high of $240.00, representing a 0% spread in expectations. The median target of $240.00 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 55.2x and forward P/E of 5.4x. Analysts expect EPS to grow +406.1% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $759.72, with bear and bull scenarios of $478.62 and $1001.01 respectively. Model confidence stands at 39/100, suggesting limited visibility into future performance.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 GTNGray Media, Inc. | $447M | $4.58 | $7.00 | +52.8% | Buy | 2.0x | 9 |
 SSPThe E.W. Scripps Company | $240M | $3.02 | $3.90 | +29.1% | Hold | — | 8 |
 SBGISinclair, Inc. | $899M | $12.87 | $18.00 | +39.9% | Buy | 10.6x | 20 |
 TGNATEGNA Inc. | $3.2B | $20.03 | $22.00 | +9.8% | Hold | 6.4x | 17 |
 FOXFox Corporation | $25.0B | $56.96 | $84.75 | +48.8% | Hold | 11.2x | 43 |
 FOXAFox Corporation | $28.0B | $63.96 | $72.00 | +12.6% | Buy | 12.6x | 48 |
 WBDWarner Bros. Discovery, Inc. | $77.1B | $30.76 | $31.00 | +0.8% | Hold | — | 32 |
 CMCSAComcast Corporation | $80.0B | $22.55 | $29.00 | +28.6% | Buy | 6.5x | 61 |
 CHTRCharter Communications, Inc. | $15.7B | $116.61 | $165.90 | +42.3% | Buy | 2.8x | 56 |
 TAT&T Inc. | $173.5B | $25.32 | $26.53 | +4.8% | Hold | 10.8x | 62 |
Quick answers to the most common questions about buying NXST stock.
The consensus Wall Street price target for NXST is $240, representing 45.0% upside from the current price of $165.57. With 24 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
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 $240 implies 45.0% upside from current levels.
With a forward P/E of 5.3786x, NXST trades at a relatively low valuation. The consensus target of $240 implies 45.0% appreciation, suggesting meaningful undervaluation.
The most bullish Wall Street analyst has a price target of $240 for NXST, while the most conservative target is $240. The consensus of $240 represents the median expectation. Our quantitative valuation model projects a bull case target of $1001 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
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.
The 12-month NXST stock forecast based on 24 Wall Street analysts shows a consensus price target of $240, with estimates ranging from $240 (bear case) to $240 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $760, with bear/bull scenarios of $479/$1001.
Our quantitative valuation model calculates NXST's fair value at $760 (base case), with a bear case of $479 and bull case of $1001. 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 39/100.
NXST trades at a forward P/E ratio of 5.4x based on next-twelve-months earnings estimates compared to a trailing P/E of 55.2x. 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.
Wall Street analysts are very optimistic on NXST, with a "Buy" consensus rating and $240 price target (45.0% 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.
NXST analyst price targets range from $240 to $240, a 0% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $240 consensus represents the middle ground. Our model's $479-$1001 range provides an independent fundamental perspective.
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