• Deutsche Bank analyst Benjamin Soff sets a new price target for NASDAQ:NXST at $250, indicating a potential increase of 4.67%.
• The stock's recent surge is influenced by former President Donald Trump's support for the Nexstar-Tegna merger, requiring FCC rule changes.
• Nexstar's market capitalization stands at approximately $7.29 billion, with a yearly high of $254.30 and a low of $141.66.

Nexstar Media Group, trading under the symbol NXST on the NASDAQ, is a prominent player in the media industry. The company operates television stations and digital media properties across the United States. Nexstar's activities include broadcasting, digital media, and marketing services. It competes with other media companies like Tegna, which is also involved in broadcasting and digital media.

On February 10, 2026, Benjamin Soff from Deutsche Bank set a new price target for NASDAQ:NXST at $250. At that time, the stock was trading at $238.85. This new target suggests a potential increase of 4.67% from the current price. As of now, NXST is trading at $240.32, showing a slight increase of 0.11% or $0.28. The stock has fluctuated between $235 and $243.96 today.

The recent surge in Nexstar's stock price is partly due to former President Donald Trump's unexpected support for the merger between Nexstar and Tegna. Initially, Trump opposed the deal, but his approval has significantly influenced the situation. This merger requires a major rule change by the Federal Communications Commission (FCC), which some argue would need an act of Congress.

Nexstar's market capitalization is approximately $7.29 billion, with a trading volume of 166,649 shares. Over the past year, NXST has seen a high of $254.30 and a low of $141.66. The stock's performance reflects the market's response to the merger news and the potential changes in the regulatory landscape.