Goldman Sachs analyst Brian Lee has maintained a "Buy" rating on NEXTracker (NXT, Financial), a leading company in the solar tracking industry. The investment bank has adjusted its price target for the stock, raising it from $61.00 to $68.00 USD, reflecting an 11.48% increase.
The latest analyst report, released on May 15, 2025, highlights the potential for growth in NEXTracker's (NXT, Financial) market position. Despite maintaining its previous "Buy" rating, the revised price target indicates increased confidence from Goldman Sachs in the company's future performance.
NEXTracker (NXT, Financial) remains a focus for investors seeking opportunities in the renewable energy sector, and this price target adjustment from a leading financial institution could have a significant impact on market perceptions. The stock continues to trade on the NASDAQ stock exchange, with the revised valuation setting sights on further potential upside in its trading value.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 26 analysts, the average target price for NEXTracker Inc (NXT, Financial) is $58.11 with a high estimate of $70.00 and a low estimate of $37.81. The average target implies an downside of 4.58% from the current price of $60.90. More detailed estimate data can be found on the NEXTracker Inc (NXT) Forecast page.
Based on the consensus recommendation from 28 brokerage firms, NEXTracker Inc's (NXT, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
