Nextracker Inc. (NXT)
NASDAQ: NXT · IEX Real-Time Price · USD
42.96
-0.95 (-2.16%)
Apr 25, 2024, 12:29 PM EDT - Market open
Nextracker Stock Forecast
Stock Price Forecast
The 21 analysts with 12-month price forecasts for Nextracker stock have an average target of 56.29, with a low estimate of 32 and a high estimate of 70. The average target predicts an increase of 31.03% from the current stock price of 42.96.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Nextracker stock from 21 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 7 | 7 | 8 | 9 | 9 | 10 |
| Buy | 8 | 9 | 10 | 10 | 8 | 7 |
| Hold | 4 | 4 | 3 | 3 | 3 | 4 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 19 | 20 | 21 | 22 | 20 | 21 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Guggenheim | Guggenheim | Strong Buy Maintains $73 → $60 | Strong Buy | Maintains | $73 → $60 | +39.66% | Apr 23, 2024 |
| Mizuho | Mizuho | Strong Buy Maintains $64 → $59 | Strong Buy | Maintains | $64 → $59 | +37.34% | Apr 19, 2024 |
| Piper Sandler | Piper Sandler | Buy Maintains $66 → $64 | Buy | Maintains | $66 → $64 | +48.98% | Apr 11, 2024 |
| B of A Securities | B of A Securities | Strong Buy Maintains $53 → $60 | Strong Buy | Maintains | $53 → $60 | +39.66% | Apr 10, 2024 |
| Barclays | Barclays | Buy → Hold Downgrades $55 → $63 | Buy → Hold | Downgrades | $55 → $63 | +46.65% | Apr 2, 2024 |
Financial Forecast
Revenue This Year
2.47B
from 1.90B
Increased by 30.06%
Revenue Next Year
2.92B
from 2.47B
Increased by 17.99%
EPS This Year
2.72
from 0.02
Increased by 13,510.41%
EPS Next Year
3.17
from 2.72
Increased by 16.61%
Revenue Forecast
| Revenue | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|
| High | 2.6B | 3.2B | 3.8B | 3.9B | 3.5B | 3.7B |
| Avg | 2.5B | 2.9B | 3.3B | 3.2B | 3.3B | 3.4B |
| Low | 2.4B | 2.6B | 2.9B | 2.7B | 3.0B | 3.1B |
Revenue Growth
| Revenue Growth | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|
| High | 37.0% | 31.0% | 28.6% | 19.5% | 10.9% | 14.5% |
| Avg | 30.1% | 18.0% | 11.3% | -1.7% | 2.4% | 3.9% |
| Low | 24.3% | 5.6% | -2.1% | -17.6% | -4.7% | -5.1% |
EPS Forecast
| EPS | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|
| High | 3.21 | 4.06 | 4.47 | 3.36 | 3.20 | 3.37 |
| Avg | 2.72 | 3.17 | 3.59 | 2.74 | 3.08 | 3.24 |
| Low | 2.03 | 2.45 | 2.94 | 2.01 | 2.99 | 3.15 |
EPS Growth
| EPS Growth | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|
| High | 15,965.0% | 49.3% | 40.9% | -6.3% | 16.9% | 9.4% |
| Avg | 13,510.4% | 16.6% | 13.0% | -23.6% | 12.4% | 5.2% |
| Low | 10,043.0% | -10.0% | -7.4% | -44.0% | 9.1% | 2.1% |
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.