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Scotiabank raises Nexxen price target to $13 after strong Q2 ad tech results.

Analyst Insights
13 Aug 2026
Gordon Thompson
View Source
Bullish
Scotiabank raises Nexxen price target to $13 after strong Q2 ad tech results.

Scotiabank increased its price target for Nexxen to $13 from $11 following the company's record second-quarter financial results. Nexxen exceeded expectations with strong connected TV (CTV) revenue and programmatic revenue, reporting a Contribution ex-TAC of $97.80 million, up 11% year-over-year. The company also raised its full-year guidance for the third time, driven by growing enterprise customer adoption and strategic investments in AI and platform integration. This upgrade reflects confidence in Nexxen's continued growth in the advertising technology sector.

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