Barclays Maintains Overweight on NEXTracker, Raises Price Target to $51
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Christine Cho has maintained an Overweight rating on NEXTracker (NASDAQ:NXT) and increased the price target from $50 to $51.
January 22, 2024 | 3:19 pm
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Barclays has reaffirmed its Overweight rating on NEXTracker and raised the price target to $51, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Christine Cho from Barclays is a strong signal of confidence in NEXTracker's stock. This is likely to be viewed positively by investors and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100