Wall Street analyst price targets, ratings consensus & upside potential · Updated Feb 28, 2026
Last 12 months price action with 12-month analyst target path
As of March 2, 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 $251.02, this represents a potential downside of -0.4%. The company has a market capitalization of $7.61B.
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 21 analysts rating the stock as a Buy or Strong Buy,3 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 83.7x and forward P/E of 9.9x. Analysts expect EPS to grow +604.8% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $742.60, with bear and bull scenarios of $1045.17 and $3277.80 respectively. Model confidence stands at 41/100, suggesting limited visibility into future performance.
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Start ComparisonWall Street's consensus price target for NXST is $250, -0.4% from its current price of $251.02. The below-market target from 24 analysts suggests limited near-term appreciation.
NXST has a consensus rating of "Buy" based on 24 Wall Street analysts. The rating breakdown is predominantly bullish, with 21 Buy/Strong Buy ratings. The consensus 12-month price target of $250 implies -0.4% downside from current levels.
With a forward P/E of 9.9086x, NXST trades at a relatively low valuation. The consensus target of $250 implies -0.4% move, suggesting the market may be pricing in risks.
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 $3278 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, 21 have Buy ratings, 3 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 $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 $743, with bear/bull scenarios of $1045/$3278.
Our quantitative valuation model calculates NXST's fair value at $743 (base case), with a bear case of $1045 and bull case of $3278. 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.
NXST trades at a forward P/E ratio of 9.9x based on next-twelve-months earnings estimates compared to a trailing P/E of 83.7x. 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.
Analysts are cautious on NXST, with 0 Sell ratings and a price target of $250 (-0.4% from current price). The "Buy" consensus suggests careful evaluation before buying. 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 $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 $1045-$3278 range provides an independent fundamental perspective.