A Glimpse Into The Expert Outlook On NEXTracker Through 10 Analysts
Portfolio Pulse from Benzinga Insights
Analysts have mixed ratings for NEXTracker (NASDAQ:NXT), with recent price targets averaging $59.9, a decrease from $63.75. The company shows strong financial performance with a 50.13% revenue growth, 16.9% net margin, and a low debt-to-equity ratio of 0.13.
September 04, 2024 | 6:00 pm
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NEUTRAL IMPACT
NEXTracker's average price target has decreased to $59.9 from $63.75, reflecting mixed analyst ratings. Despite strong financial metrics, including a 50.13% revenue growth and a 16.9% net margin, analysts have adjusted their expectations.
The decrease in the average price target from $63.75 to $59.9 indicates a shift in analyst sentiment, despite NEXTracker's strong financial performance. This suggests a neutral short-term impact as the market digests these mixed signals.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100