Mizuho Maintains Buy on NEXTracker, Raises Price Target to $56
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Anthony Crowdell has reaffirmed a Buy rating on NEXTracker (NASDAQ:NXT) and increased the price target from $50 to $56, indicating a positive outlook on the company's stock.
January 03, 2024 | 7:52 pm
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Mizuho analyst Anthony Crowdell maintains a Buy rating on NEXTracker and raises the price target from $50 to $56, suggesting a bullish stance on the stock.
The increase in price target by a reputable analyst typically signals a strong conviction in the company's future performance and can lead to increased investor confidence, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100