NEXT plc Stock Forecast

Stock Price Forecast

According to 20 analysts polled by S&P Global, NEXT plc stock has a consensus rating of "Buy" and an average price target of 14,700p. The average 1-year stock price forecast is 3.96% higher than the current stock price, while the lowest is 13,030p (-7.85%) and the highest is 18,000p (+27.30%).

Price Target: 14,700p (+3.96%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	13,030p	14,700p	14,440p	18,000p
Change	-7.85%	+3.96%	+2.12%	+27.30%

Analyst Ratings

The average analyst rating for NEXT plc stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	6	6	7	7	8	8
Buy	2	2	2	2	2	2
Hold	12	12	10	10	10	10
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	20	20	19	19	20	20

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Sreedhar Mahamkali UBS	UBS	Buy Reiterates 15,200p	Buy	Reiterates	15,200p	+7.50%	May 26, 2026
Kate Calvert Investec	Investec	Buy Upgrades 14,000p	Buy	Upgrades	14,000p	-0.99%	May 20, 2026
Unknown Analyst Berenberg Bank No rating	Berenberg Bank	Buy Reiterates 18,000p	Buy	Reiterates	18,000p	+27.30%	May 15, 2026
Richard Chamberlain RBC Capital	RBC Capital	Buy Maintains 15,500p	Buy	Maintains	15,500p	+9.62%	May 12, 2026
Matthew Clements Barclays	Barclays	Hold Maintains 13,100p → 13,700p	Hold	Maintains	13,100p → 13,700p	-3.11%	May 7, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

7.20B

from 6.90B

4.34%

from 6.90B

Revenue Next Year

7.59B

from 7.20B

5.43%

from 7.20B

EPS This Year

7.98

from 7.36

8.45%

from 7.36

EPS Next Year

8.64

from 7.98

8.23%

from 7.98

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Jan 29, 2022	Jan 28, 2023	Jan 27, 2024	Jan 25, 2025	Jan 31, 2026	Jan 31, 2027
Revenue	4.63B	5.03B	5.49B	6.12B	6.90B	7.20B
Revenue Growth	30.88%	8.82%	9.08%	11.42%	12.80%	4.34%
Gross Profit	1.98B	2.21B	2.46B	2.66B	3.05B	3.27B
Gross Margin	42.90%	43.83%	44.74%	43.50%	44.25%	45.42%
Operating Income	881.90M	943.50M	968.70M	1.09B	1.28B	1.30B
Net Income	677.50M	711.70M	802.30M	736.10M	888.50M	915.80M
EPS	-	-	-	-	7.36	7.98
EPS Growth	-	-	-	-	18.24%	8.45%
Forward PE	13.66	12.90	14.28	13.88	17.21	17.71
Dividend / Share	1.27	2.06	2.07	2.33	2.68	2.85
Dividend Growth	-	62.20%	0.49%	12.56%	15.02%	6.22%
Free Cash Flow	381.63M	416.80M	689.06M	694.04M	829.13M	823.88M
No. Analysts	-	-	-	-	-	17

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is GBP.

Revenue Forecast

Revenue	2027	2028	2029
High	7.5B
Avg	7.2B
Low	6.9B

Revenue Growth

Revenue Growth	2027	2028	2029
High	8.6%
Avg	4.3%
Low	-0.5%

EPS Forecast

EPS	2027	2028	2029
High	8.22
Avg	7.98
Low	7.81

EPS Growth

EPS Growth	2027	2028	2029
High	11.6%
Avg	8.5%
Low	6.1%