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Nextracker Inc
NASDAQ:NXT

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Nextracker Inc
NASDAQ:NXT
Watchlist
Price: 42.25 USD -2.2% Market Closed
Updated: May 11, 2024
Section:
 

Wall Street
Price Targets

NXT Price Targets Summary
Nextracker Inc

Wall Street analysts forecast NXT stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for NXT is 64.81 USD with a low forecast of 44.44 USD and a high forecast of 76.65 USD.

NXT Lowest Forecast
Wall Street Target
44.44 USD
5% Upside
NXT Average Forecast
Wall Street Target
64.81 USD
53% Upside
NXT Highest Forecast
Wall Street Target
76.65 USD
81% Upside
Lowest
Price Target
44.44 USD
5% Upside
Average
Price Target
64.81 USD
53% Upside
Highest
Price Target
76.65 USD
81% Upside

NXT Last Price Targets
Nextracker Inc

The latest public price target was made on Apr 23, 2024 by Joseph Osha from Guggenheim , who expects NXT stock to rise by 42% over the next 12 months. You can read more about this price target by viewing the article on TheFly.

Analyst Price Target Date Article
Joseph Osha
Guggenheim
60 USD
Upside 42%
2 weeks ago
Apr 23, 2024
Nextracker price target lowered to $60 from $73 at Guggenheim
TheFly
Kashy Harrison
Piper Sandler
64 USD
Upside 51%
1 month ago
Apr 11, 2024
Nextracker Inc (NXT) PT Lowered to $64 at Piper Sandler
StreetInsider
Derek Soderberg
Cantor Fitzgerald
55 USD
Upside 30%
1 month ago
Apr 10, 2024
Nextracker price target lowered to $55 from $62 at Cantor Fitzgerald
TheFly
Christine Cho
Barclays
63 USD
Upside 49%
1 month ago
Apr 2, 2024
Nextracker downgraded to Equal Weight from Overweight at Barclays
TheFly
Jonathan Kees
Daiwa
63 USD
Upside 49%
1 month ago
Mar 29, 2024
Nextracker initiated with an Outperform at Daiwa
TheFly
Ameet Thakkar
BMO Capital
69 USD
Upside 63%
1 month ago
Mar 22, 2024
BMO Capital Starts Nextracker Inc (NXT) at Market Perform
StreetInsider
Ben Kallo
Robert W. Baird
71 USD
Upside 68%
1 month ago
Mar 20, 2024
Baird Starts Nextracker Inc (NXT) at Outperform, 'Supporting a Bright Spot in Solar'
StreetInsider
Michael Blum
Wells Fargo
141 USD
Upside 234%
4 months ago
Jan 8, 2024
Wells Fargo sees solar rebounding in 2024, prefers residential to utility-scale stocks
StreetInsider
Anthony Crowdell
Mizuho Securities
40 USD
Downside 5%
1 year ago
Mar 6, 2023
What These 4 Nextracker Analysts Have To Say A Month After Its IPO
Benzinga
Julien Dumoulin-Smith
Bank of America Securities
36 USD
Downside 15%
1 year ago
Mar 6, 2023
What These 4 Nextracker Analysts Have To Say A Month After Its IPO
Benzinga
Philip Shen
Roth Capital
45 USD
Upside 7%
1 year ago
Mar 6, 2023
What These 4 Nextracker Analysts Have To Say A Month After Its IPO
Benzinga
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Joseph Osha
Guggenheim
Price Target 60 USD
Upside/Downside 42%
View Source
Kashy Harrison
Piper Sandler
Price Target 64 USD
Upside/Downside 51%
View Source
Derek Soderberg
Cantor Fitzgerald
Price Target 55 USD
Upside/Downside 30%
View Source
Christine Cho
Barclays
Price Target 63 USD
Upside/Downside 49%
View Source
Jonathan Kees
Daiwa
Price Target 63 USD
Upside/Downside 49%
View Source
Ameet Thakkar
BMO Capital
Price Target 69 USD
Upside/Downside 63%
View Source
Ben Kallo
Robert W. Baird
Price Target 71 USD
Upside/Downside 68%
View Source
Michael Blum
Wells Fargo
Price Target 141 USD
Upside/Downside 234%
View Source
Anthony Crowdell
Mizuho Securities
Price Target 40 USD
Upside/Downside 5%
View Source
Julien Dumoulin-Smith
Bank of America Securities
Price Target 36 USD
Upside/Downside 15%
View Source
Philip Shen
Roth Capital
Price Target 45 USD
Upside/Downside 7%
View Source
Show More Price Targets
Show Less Price Targets
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Revenue
Forecast

Revenue Estimate
Nextracker Inc

For the last 3 years the compound annual growth rate for Nextracker Inc's revenue is 18%. The projected CAGR for the next 4 years is 18%.

18%
Past Growth
18%
Estimated Growth
N/A
Estimates Accuracy
N/A
Average
What are analyst estimates?

Operating Income
Forecast

Operating Income Estimate
Nextracker Inc

For the last 3 years the compound annual growth rate for Nextracker Inc's operating income is 4%. The projected CAGR for the next 4 years is 42%.

4%
Past Growth
42%
Estimated Growth
N/A
Estimates Accuracy
N/A
Average
What are analyst estimates?

Net Income
Forecast

Net Income Estimate
Nextracker Inc

For the last 3 years the compound annual growth rate for Nextracker Inc's net income is -79%. The projected CAGR for the next 4 years is 372%.

-79%
Past Growth
372%
Estimated Growth
N/A
Estimates Accuracy
N/A
Average
What are analyst estimates?

See Also

Summary
NXT intrinsic value, competitors valuation, and company profile.
DCF Valuation
NXT stock valuation using Discount Cash Flow valuation method.
Relative Valuation
NXT stock valuation using valuation multiples.
Wall Street Estimates
NXT price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
NXT stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
Why do you have more estimates than other sites?

Our estimates are sourced from the pool of sell-side and buy-side analysts that we have access to. What is available on other sites you are seeing are mostly from the sell-side analysts.

What is NXT's stock price target?
Price Target
64.81 USD

According to Wall Street analysts, the average 1-year price target for NXT is 64.81 USD with a low forecast of 44.44 USD and a high forecast of 76.65 USD.

What is Nextracker Inc's Revenue forecast?
Projected CAGR
18%

For the last 3 years the compound annual growth rate for Nextracker Inc's revenue is 18%. The projected CAGR for the next 4 years is 18%.

What is Nextracker Inc's Operating Income forecast?
Projected CAGR
42%

For the last 3 years the compound annual growth rate for Nextracker Inc's operating income is 4%. The projected CAGR for the next 4 years is 42%.

What is Nextracker Inc's Net Income forecast?
Projected CAGR
372%

For the last 3 years the compound annual growth rate for Nextracker Inc's net income is -79%. The projected CAGR for the next 4 years is 372%.

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