Goldman Sachs Maintains Buy on NEXTracker, Raises Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Brian Lee has maintained a Buy rating on NEXTracker (NASDAQ:NXT) and increased the price target from $62 to $70.
February 01, 2024 | 2:09 pm
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Goldman Sachs analyst Brian Lee reaffirmed a Buy rating on NEXTracker and raised the price target from $62 to $70.
The upgrade in price target by a reputable analyst like Brian Lee from Goldman Sachs typically signals a strong conviction in the company's future performance. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100