Craig-Hallum Maintains Buy on NEXTracker, Raises Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Christian Schwab maintains a Buy rating on NEXTracker (NASDAQ:NXT) and raises the price target from $43 to $50.
July 27, 2023 | 7:39 pm
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POSITIVE IMPACT
NEXTracker's price target has been raised from $43 to $50 by Craig-Hallum, maintaining a Buy rating.
The news of a price target increase and maintained Buy rating by a reputable analyst is likely to have a positive impact on NEXTracker's stock price in the short term. Investors often react positively to such news as it indicates a strong performance expectation from the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100