Nexstar Media Group Surges with Acquisition Talks and Analyst Upgrade

Nexstar Media Group, Inc. (NASDAQ:NXST) is one of the 11 Best Dividend Stocks with a Consistent 3-Year Payout History.

Analysts raise price target on the stock following mixed second-quarter results and advanced acquisition talks.

Nexstar Media Group Surges with Acquisition Talks and Analyst Upgrade

An aerial view of a broadcasting company’s television stations, showing the power of the company’s media presence.

Headquartered in Texas with operational offices in New York and Chicago, Nexstar Media Group, Inc. (NASDAQ:NXST) is among the largest U.S. television station owners. The company operates over 200 stations across 116 markets and produces local and national news, sports, and entertainment content, including The CW and NewsNation, as well as digital platforms such as The Hill and NewsNationNow.com.

As per the company’s Q2 2025 earnings report, Nexstar Media Group, Inc. (NASDAQ:NXST) recorded a net revenue of $1.23 billion, representing a slight 3.2% decline year-over-year due to a decrease in political advertising revenue. On the other hand, it has achieved an adjusted EBITDA of $389 million for the quarter and generated nearly $450 million in adjusted free cash flow for the first half of 2025.

Additionally, the WSJ reported advanced talks in the acquisition of the rival Tegna by Nexstar Media Group, Inc. (NASDAQ:NXST), further elevating the positive outlook of the stock among analysts. Barrington, for instance, raised the price target on the stock significantly from $200 to $225, reflecting strong confidence in the company’s future endeavors.

Nexstar Media Group, Inc. (NASDAQ:NXST) balances stable income with institutional confidence by offering a dividend yield of 3.68% while retaining the ownership stakes of 37 hedge funds.

While we acknowledge the risk and potential of NXST as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NXST and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 11 Best Short Squeeze Stocks to Buy Now and 11 Best Short-Term Stocks to Invest in

Disclosure. None.