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Shares of Nextracker Inc (Symbol: NXT) recently surpassed the average analyst 12-month target price of $67.67, trading at $68.76 per share. Analysts are now faced with the decision to either downgrade due to valuation or raise their target price based on positive business developments.
There are 24 analysts contributing to the consensus, with target prices ranging from $45.00 to $82.00. The standard deviation among these targets is $9.267. Currently, 17 analysts rate the stock as a strong buy, 1 as a buy, and 8 as a hold, with no sell or strong sell ratings issued.
The average rating is 1.65, where 1 is a Strong Buy and 5 is a Strong Sell, reflecting overall positive sentiment among analysts. This information has been sourced from Zacks Investment Research.
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