"BTIG analyst Tyler DiMatteo initiated coverage of Nexxen () with a Buy rating and $13 price target The firm noted that the connected TV ad market is "one of the fastest-growing channels of digital advertising," and added that Nexxen's listing on the Nasdaq should "improve awareness with investors" and the company recently being added to the Russell 3000 reaffirms this view."
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Nexxen was initiated with a Buy rating and a $13 price target. The connected TV ad market is described as one of the fastest-growing channels of digital advertising. Nexxen's Nasdaq listing is expected to improve investor awareness. Addition to the Russell 3000 is cited as further confirmation of growing visibility. These factors together support a bullish outlook by pointing to strong market dynamics, enhanced public-market exposure, and potential increased investor interest. Index inclusion and exchange listing may also facilitate broader institutional consideration and improved trading liquidity.
Read at TipRanks Financial
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