Summary Highlights:
- NextDecade (NEXT, Financial) gains momentum with new LNG sales agreements.
- Wall Street analysts predict a potential upside of 57.16% for NEXT stock.
- Brokerage consensus rates NEXT as "Outperform," hinting at positive prospects.
NextDecade Corp (NEXT) experienced a notable 3% surge in pre-market trading after securing a significant deal with TotalEnergies. This agreement promises the annual purchase of 1.5 million metric tons of LNG over the next 20 years from NextDecade's proposed Rio Grande LNG facility's Train 4. With existing partnerships, such as the one with Saudi Aramco, the company strengthens its position for a favorable final investment decision.
Wall Street Analysts Forecast
Wall Street analysts remain optimistic about NextDecade's future. From the price projections shared by four analysts, the average target price for NextDecade Corp (NEXT, Financial) stands at $10.75. The forecasts vary with a high estimate reaching $15.00 and the low at $9.00. This average target suggests a promising upside potential of 57.16% from the current trading price of $6.84. For comprehensive forecast details, visit the NextDecade Corp (NEXT) Forecast page.
Turning to the consensus recommendations from four brokerage firms, the average recommendation for NextDecade Corp (NEXT, Financial) is a solid 2.0, categorizing it as "Outperform." The rating system used by these firms ranges from 1 to 5, where 1 represents a Strong Buy, and 5 indicates a Sell. This "Outperform" rating underscores the market's confidence in NextDecade's strategic direction and growth prospects.
