Barclays Maintains Overweight Rating for NEXTracker: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Barclays has maintained its Overweight rating for NEXTracker (NASDAQ:NXT) and increased its price target from $42.00 to $52.00. Despite the shares trading down 2.44% over the last 24 hours, the new price target represents a potential 20.62% increase from the current share price.
July 28, 2023 | 5:00 pm
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Barclays has maintained its Overweight rating for NEXTracker and raised its price target, indicating a positive outlook for the company.
The maintenance of the Overweight rating and the increase in price target by Barclays indicates a positive outlook for NEXTracker. This could potentially lead to an increase in the stock price in the short term, despite the recent 2.44% decrease.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100