Nextracker Inc. (NXT)
NASDAQ: NXT · IEX Real-Time Price · USD
45.32
-0.80 (-1.73%)
At close: Jul 2, 2024, 4:00 PM
45.33
+0.01 (0.02%)
After-hours: Jul 2, 2024, 7:59 PM EDT
Nextracker Stock Forecast
Stock Price Forecast
The 19 analysts with 12-month price forecasts for Nextracker stock have an average target of 59, with a low estimate of 43 and a high estimate of 70. The average target predicts an increase of 30.19% from the current stock price of 45.32.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Nextracker stock from 19 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 8 | 9 | 9 | 10 | 9 | 9 |
| Buy | 10 | 10 | 8 | 8 | 7 | 7 |
| Hold | 3 | 3 | 3 | 4 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 21 | 22 | 20 | 22 | 19 | 19 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Susquehanna | Susquehanna | Buy Initiates $59 | Buy | Initiates | $59 | +30.19% | Jun 28, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $70 | Strong Buy | Maintains | $70 | +54.46% | May 15, 2024 |
| Roth MKM | Roth MKM | Strong Buy Reiterates $70 | Strong Buy | Reiterates | $70 | +54.46% | May 15, 2024 |
| BMO Capital | BMO Capital | Hold Maintains $62 → $56 | Hold | Maintains | $62 → $56 | +23.57% | May 15, 2024 |
| Wells Fargo | Wells Fargo | Buy Maintains $68 → $64 | Buy | Maintains | $68 → $64 | +41.22% | May 15, 2024 |
Financial Forecast
Revenue This Year
2.89B
from 2.50B
Increased by 15.65%
Revenue Next Year
3.25B
from 2.89B
Increased by 12.28%
EPS This Year
3.09
from 3.37
Decreased by -8.34%
EPS Next Year
3.45
from 3.09
Increased by 11.76%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.1B | 3.6B | 4.1B | 4.3B | 4.6B |
| Avg | 2.9B | 3.2B | 3.6B | 3.9B | 4.1B |
| Low | 2.7B | 3.0B | 3.1B | 3.5B | 3.7B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 26.0% | 23.5% | 26.6% | 19.6% | 17.3% |
| Avg | 15.6% | 12.3% | 10.4% | 9.5% | 4.9% |
| Low | 9.4% | 2.9% | -5.2% | -3.2% | -6.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.65 | 4.05 | 4.25 | 4.44 | 4.82 |
| Avg | 3.09 | 3.45 | 3.75 | 4.14 | 4.64 |
| Low | 2.66 | 3.08 | 3.27 | 3.78 | 4.50 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 8.3% | 31.2% | 23.2% | 18.5% | 16.4% |
| Avg | -8.3% | 11.8% | 8.6% | 10.5% | 12.0% |
| Low | -21.0% | -0.4% | -5.2% | 0.9% | 8.6% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.