Guggenheim Maintains Buy on NEXTracker, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Guggenheim analyst Joseph Osha maintains a Buy rating on NEXTracker (NASDAQ:NXT), but lowers the price target from $73 to $60.

April 23, 2024 | 4:12 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Guggenheim maintains a Buy rating on NEXTracker but lowers the price target from $73 to $60.
While the maintenance of a Buy rating indicates continued confidence in NEXTracker's fundamentals and growth potential, the reduction in the price target could reflect adjustments in market conditions or expectations that might slightly temper investor enthusiasm in the short term. However, the overall positive stance suggests that any negative impact might be limited.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100