Nexstar Media in Advanced Talks to Acquire Tegna for $2.6 Billion

Tegna Inc. (TGNA) stock surged 30% in after-hours trading due to advanced acquisition talks with Nexstar Media Group (NXST) worth $2.6 billion. Analysts project a 33.90% upside potential with an average one-year price target of $20.50. The acquisition would be Nexstar's second attempt to acquire Tegna, and six brokerage firms have rated Tegna "Outperform." The estimated GF Value for Tegna is $19.95, indicating a potential 30.31% upside from the current price.

Tegna Inc. (TGNA) stock experienced a significant surge in after-hours trading, rising by approximately 30% following advanced acquisition talks with Nexstar Media Group (NXST). The proposed acquisition, valued at $2.6 billion, has sparked optimism among investors. Analysts project a substantial upside potential of 33.90%, with an average one-year price target of $20.50 [1].

The acquisition would represent Nexstar's second attempt to acquire Tegna. Six brokerage firms have rated Tegna as an "Outperform," indicating a strong consensus on the potential benefits of the deal. Additionally, the estimated GF Value for Tegna is $19.95, suggesting a potential 30.31% upside from the current price [2].

In the context of Tegna's recent financial performance, the company reported earnings per share (EPS) of $0.37 for the quarter, surpassing analyst estimates by $0.03. Revenue for the quarter was $680.05 million, down 4.8% year-over-year. Tegna's quarterly dividend of $0.125 per share, representing a $0.50 annualized dividend, was recently paid to shareholders [1].

Technical analysis also indicates a positive outlook for Tegna stock. According to recent forecasts, the stock is expected to hold a price between $14.54 and $16.67 over the next three months, with a projected fall of -3.26% [2].

The acquisition talks come at a time when Tegna's stock performance has been relatively stable, with a market cap of $2.63 billion and a price-to-earnings ratio of 5.77. The company's debt-to-equity ratio of 0.83 and current ratio of 1.40 suggest a strong financial position [1].

In conclusion, the advanced acquisition talks with Nexstar Media Group have significantly boosted Tegna Inc.'s stock price. Analysts and technical indicators point to a potential upside, making Tegna an attractive investment option for investors seeking growth opportunities in the media sector.

References:
[1] https://www.marketbeat.com/instant-alerts/filing-jefferies-financial-group-inc-buys-shares-of-30371-tegna-inc-nysetgna-2025-08-07/
[2] https://stockinvest.us/stock/TGNA