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Nextracker (NXT) Stock Forecast, Price Target & Predictions

OverviewRevenueFinancialsChartTranscripts

NXT Stock Forecast

Nextracker stock forecast is as follows: an average price target of $52.00 (represents a 5.61% upside from NXT’s last price of $49.24) 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 $52.00 based on 1-year price targets from 20 Wall Street analysts in the past 3 months, with a price target range of $55.00 to $46.00. This represents a potential 5.61% upside from NXT's last price of $49.24.

NXT Analyst Ratings

Buy

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

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 29, 2024Philip ShenRoth Capital$55.00$32.5668.92%11.70%
Sep 03, 2024Julian Dumoulin-SmithJefferies$46.00$37.2323.56%-6.58%
Aug 16, 2024Joseph OshaGuggenheim$55.00$38.9041.39%11.70%
Jul 29, 2024Jordan LevyTruist Financial$65.00$47.2837.48%32.01%
May 15, 2024Steven FoxUS Capital Advisors$60.00$47.7725.60%21.85%
May 15, 2024Kashy HarrisonPiper Sandler$60.00$47.7925.55%21.85%
May 15, 2024Ameet ThakkarBMO Capital$56.00$43.0130.20%13.73%
May 15, 2024Praneeth SatishWells Fargo$64.00$43.0148.80%29.98%
Apr 23, 2024Joseph OshaGuggenheim$60.00$44.0036.36%21.85%
Apr 11, 2024Kashy HarrisonPiper Sandler$64.00$49.6228.98%29.98%
Apr 10, 2024Derek SoderbergCantor Fitzgerald$55.00$48.6213.12%11.70%
Apr 02, 2024Christine ChoBarclays$63.00$56.2012.10%27.94%
Mar 29, 2024Jonathan KeesDaiwa$63.00$56.2711.96%27.94%
Mar 22, 2024Ameet ThakkarBMO Capital$69.00$58.4718.01%40.13%
Mar 20, 2024Ben KalloRobert W. Baird$71.00$57.5823.31%44.19%
Jan 08, 2024Michael BlumWells Fargo$141.00$41.38240.74%186.35%
Jan 08, 2024Praneeth SatishWells Fargo$57.00$41.3837.75%15.76%
Mar 06, 2023Anthony CrowdellMizuho Securities$40.00$33.9517.82%-18.77%
Mar 06, 2023Julien Dumoulin-SmithBank of America Securities$36.00$33.956.04%-26.89%
Mar 06, 2023Philip ShenRoth Capital$45.00$33.9532.55%-8.61%

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 11.70% increase from NXT last price ($49.24).

Nextracker Price Target by Period

1M3M12M
# Anlaysts--15
Avg Price Target--$60.40
Last Closing Price$49.24$49.24$49.24
Upside/Downside-100.00%-100.00%22.66%

In the current month, the average price target of Nextracker stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Nextracker's last price of $49.24. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Dec 19, 2024Cowen & Co.HoldHoldInitialise
Oct 29, 2024Wells FargoMarket PerformMarket PerformHold
Oct 11, 2024Piper SandlerOverweightOverweightHold
Oct 03, 2024J.P. MorganBuyBuyHold
Sep 03, 2024JefferiesHoldInitialise
Aug 16, 2024J.P. MorganUnderperformUnderperformHold
Aug 16, 2024SusquehannaBuyBuyHold
Aug 16, 2024GuggenheimBuyBuyHold
Jun 28, 2024SusquehannaPositiveInitialise
May 15, 2024Fox AdvisorsOutperformUpgrade
May 15, 2024Fox AdvisorsOverweightUpgrade
May 15, 2024Piper SandlerOverweightOverweightHold
May 15, 2024BMO CapitalMarket PerformMarket PerformHold
May 15, 2024Wells FargoOverweightOverweightHold
Apr 23, 2024GuggenheimBuyBuyHold
Apr 02, 2024BarclaysOverweightOutperformDowngrade
Mar 29, 2024DaiwaOutperformInitialise
Feb 02, 2024Goldman SachsBuyBuyHold
Jan 08, 2024Wells FargoEqual-WeightOverweightUpgrade
Sep 28, 2023BarclaysOverweightOverweightHold
Jul 28, 2023BarclaysOverweightOverweightHold
Jul 05, 2023Truist FinancialBuyBuyHold
May 16, 2023Exane BNP ParibasOutperformUpgrade
Mar 29, 2023Cowen & Co.HoldDowngrade
Mar 29, 2023Morgan StanleyEqual-WeightDowngrade
Mar 29, 2023Wells FargoEqual-WeightUpgrade
Mar 29, 2023Goldman SachsNeutralDowngrade
Mar 29, 2023UBSNeutralDowngrade
Mar 29, 2023TD SecuritiesHoldDowngrade
Mar 29, 2023Maxim GroupHoldDowngrade
Mar 29, 2023Bank of America SecuritiesNeutralBuyUpgrade
Mar 06, 2023Bank of America SecuritiesNeutralInitialise
Mar 06, 2023Roth CapitalBuyInitialise

Nextracker's last stock rating was published by Cowen & Co. on Dec 19, 2024. The company gave NXT a "Hold" rating, the same as its previous rate.

Nextracker Financial Forecast

Nextracker Revenue Forecast

Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23
Revenue-------------------$479.54M$518.39M
Avg Forecast$1.07B$959.16M$784.87M$848.88M$1.01B$880.35M$820.48M$809.81M$912.30M$771.71M$755.42M$774.93M$842.38M$646.02M$613.34M$616.51M$683.17M$619.38M$543.13M$473.69M$504.81M
High Forecast$1.11B$993.26M$812.78M$879.06M$1.05B$911.65M$849.64M$838.60M$944.73M$799.15M$782.28M$802.48M$859.23M$690.39M$622.35M$616.61M$683.17M$633.94M$570.06M$490.53M$522.75M
Low Forecast$1.02B$916.01M$749.56M$810.69M$966.98M$840.74M$783.56M$773.38M$871.25M$736.99M$721.43M$740.07M$797.82M$629.99M$604.33M$616.41M$683.17M$587.75M$471.57M$452.38M$482.10M
# Analysts678711117127667141574671366
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 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23
# Analysts678711117127667141574671366
EBITDA-------------------$74.93M$40.58M
Avg Forecast$143.70M$128.50M$105.15M$113.72M$135.65M$117.94M$109.92M$108.49M$122.22M$103.38M$101.20M$103.81M$112.85M$86.55M$82.17M$82.59M$91.52M$82.98M$72.76M$63.46M$67.63M
High Forecast$148.80M$133.06M$108.88M$117.76M$140.47M$122.13M$113.82M$112.34M$126.56M$107.06M$104.80M$107.51M$115.11M$92.49M$83.37M$82.60M$91.52M$84.93M$76.37M$65.71M$70.03M
Low Forecast$137.23M$122.71M$100.42M$108.60M$129.54M$112.63M$104.97M$103.61M$116.72M$98.73M$96.65M$99.14M$106.88M$84.40M$80.96M$82.58M$91.52M$78.74M$63.17M$60.60M$64.58M
Surprise %-------------------1.18%0.60%

13 analysts predict NXT's average Quarter EBITDA for Sep 23 to be $72.76M, with a high of $76.37M and a low of $63.17M. This is -2.89% lower than Nextracker's previous annual EBITDA (Jun 23) of $74.93M.

Nextracker Net Income Forecast

Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23
# Analysts678711117127667141574671366
Net Income-------------------$20.43M$27.53M
Avg Forecast$143.45M$130.62M$109.57M$117.66M$153.81M$127.75M$120.53M$123.25M$145.51M$119.29M$116.88M$121.77M$122.01M$86.41M$90.07M$95.72M$97.39M$73.46M$54.38M$45.37M$56.02M
High Forecast$150.08M$136.66M$114.63M$123.10M$160.92M$133.65M$126.10M$128.95M$152.24M$124.80M$122.29M$127.40M$137.26M$96.66M$91.98M$95.96M$99.29M$85.45M$58.92M$47.47M$58.61M
Low Forecast$135.06M$122.98M$103.16M$110.78M$144.81M$120.28M$113.48M$116.04M$137.00M$112.31M$110.05M$114.65M$106.76M$74.69M$88.17M$95.47M$95.49M$64.46M$49.85M$42.72M$52.74M
Surprise %-------------------0.45%0.49%

Nextracker's average Quarter net income forecast for Sep 23 is $54.38M, with a range of $49.85M to $58.92M. NXT's average Quarter net income forecast represents a 166.21% increase compared to the company's last Quarter net income of $20.43M (Jun 23).

Nextracker SG&A Forecast

Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23
# Analysts678711117127667141574671366
SG&A-------------------$34.23M$41.39M
Avg Forecast$57.52M$51.43M$42.09M$45.52M$54.29M$47.21M$44.00M$43.42M$48.92M$41.38M$40.51M$41.55M$45.17M$34.64M$32.89M$33.06M$36.63M$33.21M$29.12M$25.40M$27.07M
High Forecast$59.56M$53.26M$43.58M$47.14M$56.22M$48.88M$45.56M$44.97M$50.66M$42.85M$41.95M$43.03M$46.07M$37.02M$33.37M$33.06M$36.63M$33.99M$30.57M$26.30M$28.03M
Low Forecast$54.93M$49.12M$40.19M$43.47M$51.85M$45.08M$42.02M$41.47M$46.72M$39.52M$38.68M$39.68M$42.78M$33.78M$32.41M$33.05M$36.63M$31.52M$25.29M$24.26M$25.85M
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 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23
# Analysts678711117127667141574671366
EPS-------------------$0.44$0.02
Avg Forecast$0.96$0.88$0.74$0.79$1.03$0.86$0.81$0.83$0.98$0.80$0.78$0.82$0.82$0.58$0.60$0.64$0.65$0.49$0.36$0.30$0.38
High Forecast$1.01$0.92$0.77$0.83$1.08$0.90$0.85$0.87$1.02$0.84$0.82$0.85$0.92$0.65$0.62$0.64$0.67$0.57$0.40$0.32$0.39
Low Forecast$0.91$0.83$0.69$0.74$0.97$0.81$0.76$0.78$0.92$0.75$0.74$0.77$0.72$0.50$0.59$0.64$0.64$0.43$0.33$0.29$0.35
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 $52 with a range of $46 to $55, implying a 5.61% from its last price of $49.24. 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 5.61% (from the last price of $49.24 to the average price target of $52), up by 11.70% based on the highest stock price target, and down by -6.58% based on the lowest stock price target.

Can Nextracker stock reach $70?

NXT's average twelve months analyst stock price target of $52 does not support the claim that Nextracker can reach $70 in the near future.

What are Nextracker's analysts' financial forecasts?

Nextracker's analysts financial forecasts for the fiscal year (Mar 2027) are as follows: average revenue is $3.52B (high $3.65B, low $3.36B), average EBITDA is $471.99M (high $488.77M, low $450.75M), average net income is $525.34M (high $549.62M, low $494.61M), average SG&A $188.92M (high $195.63M, low $180.42M), and average EPS is $3.53 (high $3.69, low $3.32). NXT's analysts financial forecasts for the fiscal year (Mar 2028) are as follows: average revenue is $3.67B (high $3.8B, low $3.5B), average EBITDA is $491.06M (high $508.52M, low $468.97M), average net income is $501.3M (high $524.47M, low $471.98M), average SG&A $196.55M (high $203.54M, low $187.71M), and average EPS is $3.36 (high $3.52, low $3.17).

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 $67.63M by 155.98%. The company's net income was $121.33M, beating the average estimation of $56.02M by 116.59%. 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 $63.46M by 18.07%. Nextracker's net income was $20.43M, missing the average estimation of $45.37M by -54.98%. 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%