Roth Capital raised the firm’s price target on Nextracker (NXT) to $70 from $55 and keeps a Buy rating on the shares. The company delivered a strong Q4 beat with much higher-than-expected bookings and strong FY26 revenue guide, the analyst tells investors in a research note. The firm adds that the outlook is likely conservative and came in shy of buyside consensus, stating that it expects Nextracker share strength to continue.
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Read More on NXT:
- Nextracker downgraded to Equal-Weight from Outperform at Fox Advisors
- NEXTracker, Inc. Class A: Balancing Record Growth with International Expansion and Legislative Risks
- Nextracker price target raised to $60 from $51 at Mizuho
- Nextracker price target raised to $66 from $54 at Susquehanna
- Nextracker price target raised to $65 from $55 at BofA
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