News Summary:
Nexxen (NEXN) on August 18, 2026, outlined a strategic focus on artificial intelligence, connected television, and platform integration at Rosenblatt’s 6th Annual Technology Summit. The ad-tech company presented a positive long-term outlook but noted that 2026 remains a significant investment year, which is reflected in recent margins. Previously, on August 13, 2026, Scotiabank raised its price target for Nexxen to $13 from $11 after the company reported record second-quarter financial results, including a Contribution ex-TAC of $97.80 million, an 11% year-over-year increase, driven by strong connected TV (CTV) and programmatic revenue that exceeded expectations. Earlier, on July 21, 2026, Nexxen expanded its partnership with Acxiom, a part of Omnicom Media Group, to integrate Acxiom’s audience data into Nexxen’s insights tool, Nexxen Discovery. This followed Scotiabank analyst Nathaniel Schindler raising Nexxen's price target to $11.00 from $10.00 on June 17, 2026, while maintaining a Sector Outperform rating.
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