Nextracker Inc (Symbol: NXT) shares have surged to $56.50, surpassing the average analyst 12-month target price of $52.89. This price action occurred in recent trading, prompting speculation among analysts on potential valuation adjustments and future price targets.
Currently, there are 19 analyst targets for Nextracker, with estimates ranging from a low of $38.00 to a high of $62.00, and a standard deviation of $6.967. Recently, 18 analysts rate the stock as a “Strong Buy,” while only two have a “Hold” rating, revealing a positive consensus on the stock’s potential.
The average analyst rating remains at 1.2 (on a scale where 1 is Strong Buy and 5 is Strong Sell), showcasing strong support for Nextracker despite the varying target estimates.
