Nexxen price target raised to $6 from $5.50 at Stifel

Stifel analyst Mark Kelley raised the firm’s price target on Nexxen to $6 from $5.50 and keeps a Hold rating on the shares. The firm thinks the company is setting the right goals to benefit from the industry trends in CTV and digital advertising as a whole, but it would like to see the company’s CTV growth profile catch up to the greater segment before becoming more positive, the analyst tells investors.