Nextracker (NXT) Stock Forecast, Price Target & Predictions
NXT Stock Forecast
Nextracker stock forecast is as follows: an average price target of $56.36 (represents a 42.40% upside from NXT’s last price of $39.58) and a rating consensus of 'Buy', based on 20 wall street analysts offering a 1-year stock forecast.
NXT Price Target
The average price target for Nextracker (NXT) is $56.36 based on 1-year price targets from 20 Wall Street analysts in the past 3 months, with a price target range of $71.00 to $36.00. This represents a potential 42.40% upside from NXT's last price of $39.58.
NXT Analyst Ratings
According to 20 Wall Street analysts, Nextracker's rating consensus is 'Buy'. The analyst rating breakdown for NXT stock is 0 'Strong Buy' (0.00%), 12 'Buy' (60.00%), 8 'Hold' (40.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Nextracker Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 29, 2024 | Philip Shen | Roth Capital | $55.00 | $32.56 | 68.92% | 38.96% |
| Sep 03, 2024 | Julian Dumoulin-Smith | Jefferies | $46.00 | $37.23 | 23.56% | 16.22% |
| Aug 16, 2024 | Joseph Osha | Guggenheim | $55.00 | $38.90 | 41.39% | 38.96% |
| Jul 29, 2024 | Jordan Levy | Truist Financial | $65.00 | $47.28 | 37.48% | 64.22% |
| May 15, 2024 | Steven Fox | US Capital Advisors | $60.00 | $47.77 | 25.60% | 51.59% |
| May 15, 2024 | Kashy Harrison | Piper Sandler | $60.00 | $47.79 | 25.55% | 51.59% |
| May 15, 2024 | Ameet Thakkar | BMO Capital | $56.00 | $43.01 | 30.20% | 41.49% |
| May 15, 2024 | Praneeth Satish | Wells Fargo | $64.00 | $43.01 | 48.80% | 61.70% |
| Apr 23, 2024 | Joseph Osha | Guggenheim | $60.00 | $44.00 | 36.36% | 51.59% |
| Apr 11, 2024 | Kashy Harrison | Piper Sandler | $64.00 | $49.62 | 28.98% | 61.70% |
The latest Nextracker stock forecast, released on Oct 29, 2024 by Philip Shen from Roth Capital, set a price target of $55.00, which represents a 68.92% increase from the stock price at the time of the forecast ($32.56), and a 38.96% increase from NXT last price ($39.58).
Nextracker Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 3 | 17 |
| Avg Price Target | $55.00 | $52.00 | $64.94 |
| Last Closing Price | $39.58 | $39.58 | $39.58 |
| Upside/Downside | 38.96% | 31.38% | 64.07% |
In the current month, the average price target of Nextracker stock is $55.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 38.96% increase as opposed to Nextracker's last price of $39.58. This month's average price target is up 5.77% compared to last quarter, and down -15.31% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 29, 2024 | Wells Fargo | Market Perform | Market Perform | Hold |
| Oct 11, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Oct 03, 2024 | J.P. Morgan | Buy | Buy | Hold |
| Sep 03, 2024 | Jefferies | - | Hold | Initialise |
| Aug 16, 2024 | J.P. Morgan | Underperform | Underperform | Hold |
| Aug 16, 2024 | Susquehanna | Buy | Buy | Hold |
| Aug 16, 2024 | Guggenheim | Buy | Buy | Hold |
| Jun 28, 2024 | Susquehanna | - | Positive | Initialise |
| May 15, 2024 | Fox Advisors | - | Outperform | Upgrade |
| May 15, 2024 | Fox Advisors | - | Overweight | Upgrade |
Nextracker's last stock rating was published by Wells Fargo on Oct 29, 2024. The company gave NXT a "Market Perform" rating, the same as its previous rate.
Nextracker Financial Forecast
Nextracker Revenue Forecast
| Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $479.54M | $518.39M |
| Avg Forecast | $996.17M | $848.41M | $805.09M | $806.42M | $902.28M | $771.18M | $735.65M | $773.84M | $841.32M | $663.54M | $613.34M | $616.51M | $683.17M | $619.38M | $543.13M | $473.69M | $504.81M |
| High Forecast | $1.04B | $883.96M | $838.84M | $840.22M | $940.10M | $803.51M | $766.48M | $806.27M | $850.43M | $669.61M | $622.35M | $616.61M | $683.17M | $633.94M | $570.06M | $493.55M | $525.97M |
| Low Forecast | $956.78M | $814.85M | $773.25M | $774.53M | $866.59M | $740.68M | $706.55M | $743.23M | $826.75M | $658.27M | $604.33M | $616.41M | $683.17M | $587.75M | $471.57M | $454.96M | $484.84M |
| # Analysts | 10 | 6 | 6 | 6 | 6 | 5 | 5 | 5 | 12 | 13 | 6 | 3 | 3 | 7 | 13 | 6 | 12 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | 1.03% |
Nextracker's average Quarter revenue forecast for Sep 23 based on 13 analysts is $543.13M, with a low forecast of $471.57M, and a high forecast of $570.06M. NXT's average Quarter revenue forecast represents a 13.26% increase compared to the company's last Quarter revenue of $479.54M (Jun 23).
Nextracker EBITDA Forecast
| Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 10 | 6 | 6 | 6 | 6 | 5 | 5 | 5 | 12 | 13 | 6 | 3 | 3 | 7 | 13 | 6 | 12 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $74.93M | $40.58M |
| Avg Forecast | $133.40M | $113.62M | $107.82M | $107.99M | $120.83M | $103.27M | $98.52M | $103.63M | $112.67M | $88.86M | $82.14M | $82.56M | $91.49M | $82.95M | $72.73M | $63.44M | $67.60M |
| High Forecast | $139.00M | $118.38M | $112.33M | $112.52M | $125.89M | $107.60M | $102.64M | $107.97M | $113.89M | $89.67M | $83.34M | $82.57M | $91.49M | $84.90M | $76.34M | $66.09M | $70.44M |
| Low Forecast | $128.13M | $109.12M | $103.55M | $103.72M | $116.05M | $99.19M | $94.62M | $99.53M | $110.72M | $88.15M | $80.93M | $82.55M | $91.49M | $78.71M | $63.15M | $60.93M | $64.93M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.18% | 0.60% |
13 analysts predict NXT's average Quarter EBITDA for Sep 23 to be $72.73M, with a high of $76.34M and a low of $63.15M. This is -2.93% lower than Nextracker's previous annual EBITDA (Jun 23) of $74.93M.
Nextracker Net Income Forecast
| Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 10 | 6 | 6 | 6 | 6 | 5 | 5 | 5 | 12 | 13 | 6 | 3 | 3 | 7 | 13 | 6 | 12 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $20.43M | $27.53M |
| Avg Forecast | $159.00M | $126.82M | $119.98M | $123.32M | $143.59M | $117.97M | $112.16M | $121.13M | $118.98M | $90.71M | $90.10M | $95.75M | $97.43M | $73.48M | $54.40M | $45.39M | $56.04M |
| High Forecast | $167.66M | $133.73M | $126.52M | $130.04M | $151.42M | $124.40M | $118.27M | $127.73M | $132.20M | $96.97M | $92.01M | $95.99M | $99.33M | $85.48M | $58.94M | $47.86M | $59.09M |
| Low Forecast | $150.82M | $120.30M | $113.81M | $116.98M | $136.21M | $111.91M | $106.40M | $114.90M | $107.23M | $79.76M | $88.20M | $95.51M | $95.53M | $64.48M | $49.87M | $43.06M | $53.16M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.45% | 0.49% |
Nextracker's average Quarter net income forecast for Sep 23 is $54.40M, with a range of $49.87M to $58.94M. NXT's average Quarter net income forecast represents a 166.30% increase compared to the company's last Quarter net income of $20.43M (Jun 23).
Nextracker SG&A Forecast
| Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 10 | 6 | 6 | 6 | 6 | 5 | 5 | 5 | 12 | 13 | 6 | 3 | 3 | 7 | 13 | 6 | 12 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $34.23M | $41.39M |
| Avg Forecast | $53.42M | $45.49M | $43.17M | $43.24M | $48.38M | $41.35M | $39.45M | $41.49M | $45.11M | $35.58M | $32.89M | $33.06M | $36.63M | $33.21M | $29.12M | $25.40M | $27.07M |
| High Forecast | $55.66M | $47.40M | $44.98M | $45.05M | $50.41M | $43.09M | $41.10M | $43.23M | $45.60M | $35.91M | $33.37M | $33.06M | $36.63M | $33.99M | $30.57M | $26.46M | $28.20M |
| Low Forecast | $51.30M | $43.69M | $41.46M | $41.53M | $46.47M | $39.72M | $37.89M | $39.85M | $44.33M | $35.30M | $32.41M | $33.05M | $36.63M | $31.52M | $25.29M | $24.40M | $26.00M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.35% | 1.53% |
Nextracker's average Quarter SG&A projection for Sep 23 is $29.12M, based on 13 Wall Street analysts, with a range of $25.29M to $30.57M. The forecast indicates a -14.93% fall compared to NXT last annual SG&A of $34.23M (Jun 23).
Nextracker EPS Forecast
| Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 10 | 6 | 6 | 6 | 6 | 5 | 5 | 5 | 12 | 13 | 6 | 3 | 3 | 7 | 13 | 6 | 12 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.44 | $0.02 |
| Avg Forecast | $1.07 | $0.85 | $0.80 | $0.83 | $0.96 | $0.79 | $0.75 | $0.81 | $0.80 | $0.61 | $0.60 | $0.64 | $0.65 | $0.49 | $0.36 | $0.30 | $0.38 |
| High Forecast | $1.12 | $0.90 | $0.85 | $0.87 | $1.02 | $0.83 | $0.79 | $0.86 | $0.89 | $0.65 | $0.62 | $0.64 | $0.67 | $0.57 | $0.40 | $0.32 | $0.40 |
| Low Forecast | $1.01 | $0.81 | $0.76 | $0.78 | $0.91 | $0.75 | $0.71 | $0.77 | $0.72 | $0.54 | $0.59 | $0.64 | $0.64 | $0.43 | $0.33 | $0.29 | $0.36 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.45% | 0.05% |
According to 13 Wall Street analysts, Nextracker's projected average Quarter EPS for Sep 23 is $0.36, with a low estimate of $0.33 and a high estimate of $0.40. This represents a -17.06% decrease compared to NXT previous annual EPS of $0.44 (Jun 23).
NXT Forecast FAQ
Is Nextracker a good buy?
Yes, according to 20 Wall Street analysts, Nextracker (NXT) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 12 'Buy' recommendations, accounting for 60.00% of NXT's total ratings.
What is NXT's price target?
Nextracker (NXT) average price target is $56.36 with a range of $36 to $71, implying a 42.40% from its last price of $39.58. The data is based on 20 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Nextracker stock go up soon?
According to Wall Street analysts' prediction for NXT stock, the company can go up by 42.40% (from the last price of $39.58 to the average price target of $56.36), up by 79.38% based on the highest stock price target, and down by -9.04% based on the lowest stock price target.
Can Nextracker stock reach $60?
NXT's highest twelve months analyst stock price target of $71 supports the claim that Nextracker can reach $60 in the near future.
What is Nextracker's current price target trend?
1 Wall Street analyst forecast a $55 price target for Nextracker (NXT) this month, up 38.96% from its last price of $39.58. Compared to the last 3 and 12 months, the average price target increased by 31.38% and increased by 64.07%, respectively.
What are Nextracker's analysts' financial forecasts?
Nextracker's analysts financial forecasts for the fiscal year (Mar 2026) are as follows: average revenue is $3.18B (high $3.32B, low $3.06B), average EBITDA is $426.25M (high $444.12M, low $409.39M), average net income is $494.86M (high $521.82M, low $469.42M), average SG&A $170.67M (high $177.83M, low $163.92M), and average EPS is $3.32 (high $3.5, low $3.15). NXT's analysts financial forecasts for the fiscal year (Mar 2027) are as follows: average revenue is $3.46B (high $3.6B, low $3.32B), average EBITDA is $462.83M (high $482.23M, low $444.53M), average net income is $529.12M (high $557.95M, low $501.91M), average SG&A $185.32M (high $193.09M, low $177.99M), and average EPS is $3.55 (high $3.74, low $3.37).
Did the NXT's actual financial results beat the analysts' financial forecasts?
Based on Nextracker's last annual report (Mar 2023), the company's revenue was $1.9B, beating the average analysts forecast of $504.81M by 276.80%. Apple's EBITDA was $173.11M, beating the average prediction of $67.6M by 156.07%. The company's net income was $121.33M, beating the average estimation of $56.04M by 116.52%. Apple's SG&A was $96.87M, beating the average forecast of $27.07M by 257.86%. Lastly, the company's EPS was $0.02, missing the average prediction of $0.376 by -94.68%. In terms of the last quarterly report (Jun 2023), Nextracker's revenue was $479.54M, beating the average analysts' forecast of $473.69M by 1.24%. The company's EBITDA was $74.93M, beating the average prediction of $63.44M by 18.11%. Nextracker's net income was $20.43M, missing the average estimation of $45.39M by -54.99%. The company's SG&A was $34.24M, beating the average forecast of $25.4M by 34.78%. Lastly, the company's EPS was $0.44, beating the average prediction of $0.304 by 44.51%