- NextDecade partners with Bechtel for a $9 billion expansion of its Rio Grande LNG facility.
- Analysts predict a 10.58% upside in stock price, with a target of $9.33.
- Current analyst consensus rates NextDecade as "Outperform."
NextDecade (NASDAQ: NEXT) has taken a leap forward in its strategic expansion plans by sealing substantial contracts with Bechtel. These agreements, amounting to an impressive $9 billion, pertain to the development of Train 4 and Train 5 at the Rio Grande LNG facility. The company is gearing up to make a pivotal final investment decision on Train 4 by mid-September.
Wall Street Analysts Forecast
Wall Street analysts have provided a positive outlook for NextDecade Corp (NEXT, Financial), with three analysts offering their one-year price targets. The average target price sits at $9.33, with projections ranging from a high of $10.00 to a low of $9.00. This average indicates a potential upside of 10.58% from the current share price of $8.44. For more in-depth forecast details, visit the NextDecade Corp (NEXT) Forecast page.
The consensus recommendation from three different brokerage firms rates NextDecade Corp (NEXT, Financial) at an average of 2.3, reflecting an "Outperform" status. This recommendation scale spans from 1 to 5, where 1 is a Strong Buy and 5 is a Sell. Such a favorable rating underscores the stock's promising outlook and potential for growth in the coming months.
