The Latest Analyst Ratings For NEXTracker
Portfolio Pulse from Benzinga Insights
In the past three months, 11 analysts have provided ratings for NEXTracker (NASDAQ:NXT), with a mix of bullish and bearish perspectives. The average 12-month price target has decreased by 13.06% to $53.64. Analysts have recently lowered their price targets, reflecting a cautious outlook. Despite this, NEXTracker shows strong financial performance with high net margins, ROE, and ROA, and a low debt-to-equity ratio.
October 29, 2024 | 5:02 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
NEXTracker has received mixed analyst ratings with a decrease in the average price target by 13.06%. Despite this, the company demonstrates strong financial performance with high net margins, ROE, and ROA, and a low debt-to-equity ratio.
The mixed analyst ratings and lowered price targets suggest a cautious short-term outlook for NEXTracker. However, the company's strong financial metrics, such as high net margins and low debt, provide a solid foundation, balancing the negative sentiment from analysts.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100