- Scotiabank has increased its price target for Nexxen (NASDAQ: NEXN) to $13.00, reflecting confidence in the ad tech company’s outlook.
- Nexxen reported record second-quarter financial results, surpassing consensus estimates with strong CTV revenue and strategic platform investments.
- The company demonstrated significant profitability growth with record Contribution ex-TAC of $97.80 million and programmatic revenue of $95.20 million, leading to raised full-year guidance.
On August 13, 2026, Scotiabank analyst Nat Schindler raised the price target for Nexxen (NASDAQ: NEXN) to $13.00 from a previous target of $11.00. Nexxen is a leading advertising technology company that focuses on connected television (CTV), mobile, and data products. At the time of the update, Nexxen was trading at $10.60 per share.
This analyst upgrade follows Nexxen’s record financial results for the second quarter of 2026. The company’s performance surpassed consensus estimates, driven by its strongest quarterly CTV revenue to date. As highlighted by Seeking Alpha, this momentum comes from strategic investments in its integrated platform, AI capabilities, and enterprise customer initiatives.
A key financial metric for the company is Contribution ex-TAC, which is the revenue remaining after paying partners for traffic and ad space. Nexxen reports a record second-quarter Contribution ex-TAC of $97.80 million, an 11% increase year-over-year. This indicates growing profitability from its core advertising activities.
The company also achieved record programmatic revenue of $95.20 million, which is a 12% increase compared to the same period last year. CEO Ofer Druker notes that enterprise customers are increasing their spending and adoption of Nexxen’s products, which contributes to this growth and overall outperformance.
Following these strong results, Nexxen raises its full-year guidance for Contribution ex-TAC and programmatic revenue for the third time this year. The company continues to advance its nexAI platform, aiming for deeper integration within its customers’ workflows to support long-term revenue opportunities.
