Nextracker Inc. (NXT)
NASDAQ: NXT · Real-Time Price · USD
34.60
-1.44 (-4.00%)
Sep 6, 2024, 4:00 PM EDT - Market closed
Nextracker Stock Forecast
Stock Price Forecast
The 19 analysts with 12-month price forecasts for Nextracker stock have an average target of 57.58, with a low estimate of 43 and a high estimate of 70. The average target predicts an increase of 66.42% from the current stock price of 34.60.
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 | Apr '24 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 10 | 9 | 9 | 8 | 8 | 8 |
| Buy | 8 | 7 | 7 | 7 | 7 | 7 |
| Hold | 4 | 3 | 3 | 3 | 3 | 4 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 22 | 19 | 19 | 18 | 18 | 19 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Jefferies | Jefferies | Hold Initiates $46 | Hold | Initiates | $46 | +32.95% | Sep 4, 2024 |
| Guggenheim | Guggenheim | Strong Buy Maintains $60 → $55 | Strong Buy | Maintains | $60 → $55 | +58.96% | Aug 16, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $65 → $62 | Buy | Maintains | $65 → $62 | +79.19% | Aug 2, 2024 |
| Roth MKM | Roth MKM | Strong Buy Maintains $70 → $65 | Strong Buy | Maintains | $70 → $65 | +87.86% | Aug 2, 2024 |
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Reiterates $55 | Buy | Reiterates | $55 | +58.96% | Aug 2, 2024 |
Financial Forecast
Revenue This Year
2.91B
from 2.50B
Increased by 16.21%
Revenue Next Year
3.25B
from 2.91B
Increased by 11.70%
EPS This Year
3.15
from 3.37
Decreased by -6.43%
EPS Next Year
3.43
from 3.15
Increased by 8.68%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.3B | 3.8B | 4.2B | ||
| Avg | 2.9B | 3.2B | 3.6B | ||
| Low | 2.8B | 2.9B | 3.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 33.9% | 32.0% | 28.5% | ||
| Avg | 16.2% | 11.7% | 9.5% | ||
| Low | 10.4% | 1.4% | -3.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.64 | 4.15 | 4.20 | ||
| Avg | 3.15 | 3.43 | 3.74 | ||
| Low | 2.93 | 3.02 | 3.30 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 8.1% | 31.6% | 22.6% | ||
| Avg | -6.4% | 8.7% | 9.1% | ||
| Low | -13.0% | -4.1% | -3.6% |
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.