Mizuho analyst Maheep Mandloi raised the firm’s price target on Nextracker (NXT) to $51 from $46 and keeps an Outperform rating on the shares. The company reported solid results and increased its profit outlook for fiscal 2025 owing to earnings beat and better structural margins, the analyst tells investors in a research note. The firm says Nextracker continues to be a leader in the tracker industry, and benefits from secular growth in the U.S. and globally.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NXT:
- NEXTracker’s Earnings Call Highlights Growth and Challenges
- Starbucks reports Q1 beat, Frontier proposes Spirit combination: Morning Buzz
- Nextracker price target raised to $50 from $48 at BMO Capital
- Apple downgraded, Rivian initiated: Wall Street’s top analyst calls
- Nextracker price target raised to $47 from $41 at TD Cowen