Investors were more than pleased with the fourth quarter 2024 financial performance of the nation’s No. 1 owner of broadcast television stations, sending shares in Nexstar Media Group up sharply on Thursday.
That growth continued across the first trading session of March 2025.
With an hour remaining in Monday’s trading on the Nasdaq markets, “NXST” was trading at $170.44, up $1.29 from Friday’s closing price.
This represents a significant comeback for Nexstar stock, which on February 26 slumped to a 52-week low of $146.34.
While this is great news for short-term holders of Nexstar shares, long-time stockholders are likely pleased that “NXST” is again above the $170 mark and could well be on its way to surpassing $200. The 1-year target estimate on Nexstar shares is presently at $198.56, and that could very well be amended from analysts in the coming weeks.
It was in February 2022 that Nexstar shares first crossed the $170 mark, rising from a sub-$51 valuation at the depths of the COVID-19 pandemic, in March 2020. The second quarter of 2021 saw “NXST” rocket skyward after months of steady growth, nearly reaching $190 in value in March 2022. By August 2022, Nexstar topped the $200 per share mark. This happened again, in early 2023.
Now, Nexstar stock is on track to do it a third time.
