Nextracker (NXT) Stock Forecast & Price Target

$38.85 +1.45 (+3.88%)

(As of 11/22/2024 ET)

Nextracker - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 21 Analyst Ratings

Sell
0

Hold
4

Buy
17

Based on 21 Wall Street analysts who have issued ratings for Nextracker in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 21 analysts, 4 have given a hold rating, 16 have given a buy rating, and 1 has given a strong buy rating for NXT.

Consensus Price Target

$54.30
39.77% Upside

According to the 21 analysts' twelve-month price targets for Nextracker, the average price target is $54.30. The highest price target for NXT is $70.00, while the lowest price target for NXT is $44.00. The average price target represents a forecasted upside of 39.77% from the current price of $38.85.

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NXT Analyst Ratings Over Time

Type	Current Forecast 11/25/23 to 11/24/24	1 Month Ago 10/26/23 to 10/25/24	3 Months Ago 8/27/23 to 8/26/24	1 Year Ago 11/25/22 to 11/25/23
Strong Buy	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	16 Buy rating(s)	15 Buy rating(s)	18 Buy rating(s)	18 Buy rating(s)
Hold	4 Hold rating(s)	5 Hold rating(s)	4 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$54.30	$56.65	$58.45	$45.95
Forecasted Upside	39.77% Upside	80.07% Upside	38.49% Upside	18.73% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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NXT Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

NXT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Nextracker Stock vs. The Competition

Type	Nextracker	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.86	2.63	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	39.77% Upside	1,453.22% Upside	7.66% Upside
News Sentiment Rating	Positive News See Recent NXT News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/22/2024	Guggenheim 2 of 5 stars		Reiterated Rating	Buy ➝ Buy	$55.00 ➝ $55.00	+42.82%
11/22/2024	Piper Sandler 2 of 5 stars		Lower Target	Overweight ➝ Overweight	$60.00 ➝ $47.00	+22.84%
11/19/2024	Northland Capmk 0 of 5 stars	G. Richard Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
11/19/2024	Northland Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform	$48.00	+28.24%
11/7/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$65.00 ➝ $52.00	+24.91%
11/1/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$50.00 ➝ $54.00	+35.61%
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10/31/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$71.00 ➝ $53.00	+65.78%
10/29/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$64.00 ➝ $58.00	+80.18%
10/17/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$62.00 ➝ $58.00	+69.39%
10/16/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Perincheril Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Positive ➝ Positive	$59.00 ➝ $50.00	+43.43%
10/14/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Market Perform ➝ Market Perform	$56.00 ➝ $44.00	+24.65%
10/3/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$61.00 ➝ $47.00	+29.58%
9/4/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$46.00	+23.56%
8/2/2024	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$70.00 ➝ $65.00	+58.77%
8/2/2024	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$55.00 ➝ $55.00	+30.05%
5/15/2024	Fox Advisors Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Equal Weight ➝ Overweight	$60.00	+39.50%
4/29/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Outperform ➝ Sector Outperform	$55.00 ➝ $50.00	+12.61%
4/19/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$64.00 ➝ $59.00	+32.70%
4/1/2024	Daiwa Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$63.00	+11.96%
2/1/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$62.00 ➝ $70.00	+54.63%
1/31/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$45.00 ➝ $52.00	+14.49%
10/16/2023	Janney Montgomery Scott Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$43.00	+22.47%
10/2/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$50.00	+24.50%
9/22/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$52.00	+26.52%
7/27/2023	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$43.00 ➝ $50.00	+12.76%
7/14/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$46.00	+17.89%
5/16/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform	$45.00	+11.61%
4/11/2023	Johnson Rice Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$39.00	+14.71%
3/6/2023	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Shen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy	$45.00	+34.93%
3/6/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$36.00	+7.95%
3/6/2023	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Sector Weight ➝ Sector Weight

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 10:59 AM ET.

NXT Forecast - Frequently Asked Questions

: According to the research reports of 21 Wall Street equities research analysts, the average twelve-month stock price forecast for Nextracker is $54.30, with a high forecast of $70.00 and a low forecast of $44.00.
: 21 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Nextracker in the last twelve months. There are currently 4 hold ratings, 16 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" NXT shares.
: According to analysts, Nextracker's stock has a predicted upside of 39.77% based on their 12-month stock forecasts.
: Over the previous 90 days, Nextracker's stock had 1 upgrade by analysts.
: Nextracker has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, Guggenheim, Jefferies Financial Group, JPMorgan Chase & Co., Northland Capmk, Northland Securities, Piper Sandler, Robert W. Baird, Susquehanna, Truist Financial, and Wells Fargo & Company in the past 90 days.
: Analysts like Nextracker more than other "oils/energy" companies. The consensus rating score for Nextracker is 2.86 while the average consensus rating score for "oils/energy" companies is 2.63. Learn more on how NXT compares to other companies.

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This page (NASDAQ:NXT) was last updated on 11/24/2024 by MarketBeat.com Staff

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Nextracker (NXT) Stock Forecast & Price Target