These Analysts Slash Their Forecasts On Nextracker After Q4 Results
Portfolio Pulse from Avi Kapoor
Nextracker Inc. (NASDAQ:NXT) reported better-than-expected Q4 results, with earnings and sales surpassing market estimates. Despite strong performance, analysts from Wells Fargo and BMO Capital cut their price targets on the stock.
May 15, 2024 | 5:33 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Nextracker reported strong Q4 results, beating earnings and sales estimates. However, analysts from Wells Fargo and BMO Capital cut their price targets, citing lower-than-expected FY25 earnings guidance.
Despite strong Q4 results and a 9% increase in share price, the lower-than-expected FY25 earnings guidance led analysts to cut their price targets. This mixed news could result in neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100