Nextracker Inc
NASDAQ:NXT

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Nextracker Inc
NASDAQ:NXT
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Price: 35.5231 USD 3.6% Market Closed
Market Cap: 5.2B USD
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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 55.5791 USD with a low forecast of 37.5821 USD and a high forecast of 73.5 USD.

Lowest
Price Target
37.5821 USD
6% Upside
Average
Price Target
55.5791 USD
56% Upside
Highest
Price Target
73.5 USD
107% Upside

NXT Last Price Targets
Nextracker Inc

The latest public price target was made on Oct 29, 2024 by Philip Shen from Roth Capital , who expects NXT stock to rise by 55% over the next 12 months. You can read more about this price target by viewing the article on TheFly.

Analyst Price Target Date Article
Philip Shen
Roth Capital
55 USD
Upside 55%
1 month ago
Oct 29, 2024
Nextracker price target lowered to $55 from $65 at Roth MKM
TheFly
Julian Dumoulin-Smith
Jefferies
46 USD
Upside 29%
3 months ago
Sep 3, 2024
Jefferies Starts Nextracker Inc (NXT) at Hold
StreetInsider
Joseph Osha
Guggenheim
55 USD
Upside 55%
4 months ago
Aug 16, 2024
Nextracker price target lowered to $55 from $60 at Guggenheim
TheFly
Jordan Levy
Truist Financial
65 USD
Upside 83%
4 months ago
Jul 29, 2024
Nextracker price target lowered to $65 from $70 at Truist
TheFly
Kashy Harrison
Piper Sandler
60 USD
Upside 69%
7 months ago
May 15, 2024
Nextracker Inc (NXT) PT Lowered to $60 at Piper Sandler
StreetInsider
Praneeth Satish
Wells Fargo
64 USD
Upside 80%
7 months ago
May 15, 2024
Nextracker price target lowered to $64 from $68 at Wells Fargo
TheFly
Steven Fox
US Capital Advisors
60 USD
Upside 69%
7 months ago
May 15, 2024
Fox Advisors Upgrades Nextracker Inc (NXT) to Overweight
StreetInsider
Ameet Thakkar
BMO Capital
56 USD
Upside 58%
7 months ago
May 15, 2024
Nextracker Inc (NXT) PT Lowered to $56 at BMO Capital
StreetInsider
Joseph Osha
Guggenheim
60 USD
Upside 69%
7 months ago
Apr 23, 2024
Nextracker price target lowered to $60 from $73 at Guggenheim
TheFly
Kashy Harrison
Piper Sandler
64 USD
Upside 80%
8 months ago
Apr 11, 2024
Nextracker Inc (NXT) PT Lowered to $64 at Piper Sandler
StreetInsider
Derek Soderberg
Cantor Fitzgerald
55 USD
Upside 55%
8 months ago
Apr 10, 2024
Nextracker price target lowered to $55 from $62 at Cantor Fitzgerald
TheFly
Christine Cho
Barclays
63 USD
Upside 77%
8 months ago
Apr 2, 2024
Nextracker downgraded to Equal Weight from Overweight at Barclays
TheFly
Jonathan Kees
Daiwa
63 USD
Upside 77%
8 months ago
Mar 29, 2024
Nextracker initiated with an Outperform at Daiwa
TheFly
Ameet Thakkar
BMO Capital
69 USD
Upside 94%
9 months ago
Mar 22, 2024
BMO Capital Starts Nextracker Inc (NXT) at Market Perform
StreetInsider
Ben Kallo
Robert W. Baird
71 USD
Upside 100%
9 months 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 297%
11 months ago
Jan 8, 2024
Wells Fargo sees solar rebounding in 2024, prefers residential to utility-scale stocks
StreetInsider
Julien Dumoulin-Smith
Bank of America Securities
36 USD
Upside 1%
1 year ago
Mar 6, 2023
What These 4 Nextracker Analysts Have To Say A Month After Its IPO
Benzinga
Anthony Crowdell
Mizuho Securities
40 USD
Upside 13%
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 27%
1 year ago
Mar 6, 2023
What These 4 Nextracker Analysts Have To Say A Month After Its IPO
Benzinga
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Philip Shen
Roth Capital
Price Target 55 USD
Upside/Downside 55%
View Source
Julian Dumoulin-Smith
Jefferies
Price Target 46 USD
Upside/Downside 29%
View Source
Joseph Osha
Guggenheim
Price Target 55 USD
Upside/Downside 55%
View Source
Jordan Levy
Truist Financial
Price Target 65 USD
Upside/Downside 83%
View Source
Kashy Harrison
Piper Sandler
Price Target 60 USD
Upside/Downside 69%
View Source
Praneeth Satish
Wells Fargo
Price Target 64 USD
Upside/Downside 80%
View Source
Steven Fox
US Capital Advisors
Price Target 60 USD
Upside/Downside 69%
View Source
Ameet Thakkar
BMO Capital
Price Target 56 USD
Upside/Downside 58%
View Source
Joseph Osha
Guggenheim
Price Target 60 USD
Upside/Downside 69%
View Source
Kashy Harrison
Piper Sandler
Price Target 64 USD
Upside/Downside 80%
View Source
Derek Soderberg
Cantor Fitzgerald
Price Target 55 USD
Upside/Downside 55%
View Source
Christine Cho
Barclays
Price Target 63 USD
Upside/Downside 77%
View Source
Jonathan Kees
Daiwa
Price Target 63 USD
Upside/Downside 77%
View Source
Ameet Thakkar
BMO Capital
Price Target 69 USD
Upside/Downside 94%
View Source
Ben Kallo
Robert W. Baird
Price Target 71 USD
Upside/Downside 100%
View Source
Michael Blum
Wells Fargo
Price Target 141 USD
Upside/Downside 297%
View Source
Julien Dumoulin-Smith
Bank of America Securities
Price Target 36 USD
Upside/Downside 1%
View Source
Anthony Crowdell
Mizuho Securities
Price Target 40 USD
Upside/Downside 13%
View Source
Philip Shen
Roth Capital
Price Target 45 USD
Upside/Downside 27%
View Source
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Nextracker Inc Competitors:
Price Targets
ROK
Rockwell Automation Inc
3% Upside
3617
CyberPower Systems Inc
2% Upside
688388
Guangdong JiaYuan Technology Shares Co Ltd
4% Downside
AQ
AQ Group AB
23% Upside
688006
Zhejiang HangKe Technology Incorporated Co
9% Upside

Revenue
Forecast

Revenue Estimate
Nextracker Inc

For the last 4 years the compound annual growth rate for Nextracker Inc's revenue is 21%. The projected CAGR for the next 3 years is 12%.

21%
Past Growth
12%
Estimated Growth
N/A
Estimates Accuracy
N/A
Average

Operating Income
Forecast

Operating Income Estimate
Nextracker Inc

For the last 4 years the compound annual growth rate for Nextracker Inc's operating income is 41%. The projected CAGR for the next 3 years is 4%.

41%
Past Growth
4%
Estimated Growth
N/A
Estimates Accuracy
N/A
Average

Net Income
Forecast

Net Income Estimate
Nextracker Inc

For the last 4 years the compound annual growth rate for Nextracker Inc's net income is 27%. The projected CAGR for the next 3 years is 20%.

27%
Past Growth
20%
Estimated Growth
N/A
Estimates Accuracy
N/A
Average

See Also

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
55.5791 USD

According to Wall Street analysts, the average 1-year price target for NXT is 55.5791 USD with a low forecast of 37.5821 USD and a high forecast of 73.5 USD.

What is Nextracker Inc's Revenue forecast?
Projected CAGR
12%

For the last 4 years the compound annual growth rate for Nextracker Inc's revenue is 21%. The projected CAGR for the next 3 years is 12%.

What is Nextracker Inc's Operating Income forecast?
Projected CAGR
4%

For the last 4 years the compound annual growth rate for Nextracker Inc's operating income is 41%. The projected CAGR for the next 3 years is 4%.

What is Nextracker Inc's Net Income forecast?
Projected CAGR
20%

For the last 4 years the compound annual growth rate for Nextracker Inc's net income is 27%. The projected CAGR for the next 3 years is 20%.

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