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NEXTracker Inc has a consensus price target of $50.78 based on the ratings of 28 analysts. The high is $70 issued by Goldman Sachs on February 2, 2024. The low is $32 issued by Northland Capital Markets on May 1, 2023. The 3 most-recent analyst ratings were released by B of A Securities, Truist Securities, and Baird on November 7, 2024, November 1, 2024, and October 31, 2024, respectively. With an average price target of $53 between B of A Securities, Truist Securities, and Baird, there's an implied 41.33% upside for NEXTracker Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for NEXTracker (NASDAQ:NXT) was reported by B of A Securities on November 7, 2024. The analyst firm set a price target for $52.00 expecting NXT to rise to within 12 months (a possible 38.67% upside). 48 analyst firms have reported ratings in the last year.
The latest analyst rating for NEXTracker (NASDAQ:NXT) was provided by B of A Securities, and NEXTracker maintained their buy rating.
The last upgrade for NEXTracker Inc happened on January 8, 2024 when Wells Fargo raised their price target to $57. Wells Fargo previously had an equal-weight for NEXTracker Inc.
The last downgrade for NEXTracker Inc happened on April 2, 2024 when Barclays changed their price target from $55 to $63 for NEXTracker Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of NEXTracker, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for NEXTracker was filed on November 7, 2024 so you should expect the next rating to be made available sometime around November 7, 2025.
While ratings are subjective and will change, the latest NEXTracker (NXT) rating was a maintained with a price target of $65.00 to $52.00. The current price NEXTracker (NXT) is trading at is $37.50, which is out of the analyst’s predicted range.
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