Truist Securities Maintains Buy on NEXTracker, Raises Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Jordan Levy has reaffirmed a Buy rating on NEXTracker (NASDAQ:NXT) and increased the price target from $52 to $60.
January 23, 2024 | 5:03 pm
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POSITIVE IMPACT
Truist Securities analyst Jordan Levy maintains a Buy rating on NEXTracker and raises the price target from $52 to $60, indicating a positive outlook on the stock.
The increase in price target by Truist Securities suggests a strong conviction in the future performance of NEXTracker. This is likely to be viewed positively by investors and could lead to a short-term increase in the stock price, as it implies an expectation of growth or positive developments for the company.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100