NEXXEN INTERNATIONAL LTD SPON ADR EACH REP 2 ORD SHS (NASDAQ: NEXN) stock soared 5.08% in the pre-market session on Friday, as investors anticipated the company's third-quarter earnings release before the market open.
According to analyst estimates, NEXXEN is expected to report quarterly earnings of $0.13 per share, lower than the $0.18 per share reported in the same period last year. However, the company's revenue is projected to increase to $88.65 million, up from $80.09 million a year ago.
Ahead of the earnings release, several Wall Street analysts have reiterated their positive outlook on NEXXEN, raising their price targets for the stock. Notably, RBC Capital analyst Matthew Swanson maintained an Outperform rating and raised the price target to $11, while Needham analyst Laura Martin maintained a Buy rating and increased the price target to $8.5.
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