What 8 Analyst Ratings Have To Say About NEXTracker
Portfolio Pulse from Benzinga Insights
In the last quarter, NEXTracker (NASDAQ:NXT) received 5 bullish, 2 somewhat bullish, and 1 indifferent analyst ratings. The average price target is $41.62, implying a downside compared to the current price of $43.01. The average price target has increased by 6.17% over the past month.
June 14, 2023 | 2:00 pm
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NEGATIVE IMPACT
NEXTracker received mostly bullish analyst ratings in the last quarter, with an average price target of $41.62, implying a downside compared to its current price of $43.01.
The majority of analyst ratings for NEXTracker are bullish or somewhat bullish, indicating a positive outlook on the stock. However, the average price target of $41.62 is lower than the current price of $43.01, suggesting that the stock may experience a short-term decline in price. The 6.17% increase in the average price target over the past month shows that analysts have become more optimistic, but the downside potential remains.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100