Nextracker Inc. (NXT)
NASDAQ: NXT · Real-Time Price · USD
38.85
+1.45 (3.88%)
At close: Nov 22, 2024, 4:00 PM
39.00
+0.15 (0.39%)
After-hours: Nov 22, 2024, 7:02 PM EST
Nextracker Stock Forecast
Stock Price Forecast
The 18 analysts with 12-month price forecasts for Nextracker stock have an average target of 53.5, with a low estimate of 44 and a high estimate of 70. The average target predicts an increase of 37.71% from the current stock price of 38.85.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Nextracker stock from 18 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 9 | 8 | 8 | 8 | 6 | 6 |
| Buy | 7 | 7 | 7 | 7 | 7 | 8 |
| Hold | 3 | 3 | 3 | 4 | 4 | 4 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 19 | 18 | 18 | 19 | 17 | 18 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Guggenheim | Guggenheim | Strong Buy Reiterates $55 | Strong Buy | Reiterates | $55 | +41.57% | Nov 22, 2024 |
| Piper Sandler | Piper Sandler | Buy Maintains $60 → $47 | Buy | Maintains | $60 → $47 | +20.98% | Nov 22, 2024 |
| Northland Capital Markets | Northland Capital Markets | Buy Initiates $48 | Buy | Initiates | $48 | +23.55% | Nov 19, 2024 |
| B of A Securities | B of A Securities | Strong Buy Maintains $65 → $52 | Strong Buy | Maintains | $65 → $52 | +33.85% | Nov 7, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $50 → $54 | Strong Buy | Maintains | $50 → $54 | +39.00% | Nov 1, 2024 |
Financial Forecast
Revenue This Year
2.88B
from 2.50B
Increased by 15.33%
Revenue Next Year
3.20B
from 2.88B
Increased by 11.13%
EPS This Year
3.31
from 3.37
Decreased by -1.73%
EPS Next Year
3.41
from 3.31
Increased by 3.03%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.1B | 3.6B | 4.2B | ||
| Avg | 2.9B | 3.2B | 3.5B | ||
| Low | 2.8B | 3.0B | 3.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 23.7% | 25.0% | 30.5% | ||
| Avg | 15.3% | 11.1% | 10.5% | ||
| Low | 10.1% | 2.6% | -2.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.82 | 4.36 | 4.35 | ||
| Avg | 3.31 | 3.41 | 3.69 | ||
| Low | 2.93 | 2.82 | 2.71 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 13.4% | 31.6% | 27.4% | ||
| Avg | -1.7% | 3.0% | 8.3% | ||
| Low | -13.0% | -14.8% | -20.4% |
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.