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Nextracker price target raised to $59 from $51 at BMO Capital

BMO Capital analyst Ameet Thakkar raised the firm’s price target on Nextracker (NXT) to $59 from $51 and keeps a Market Perform rating on the shares. The company reported a strong finish to its FY25 and the newly introduced FY26 financial guidance likely exceeded buyside expectations for revenue growth, the analyst tells investors in a research note.

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