Nextracker Inc. (NXT)
NASDAQ: NXT · Real-Time Price · USD
37.38
+0.04 (0.11%)
Sep 18, 2024, 3:13 PM EDT - Market open
Stock Price Forecast
The 19 analysts with 12-month price forecasts for Nextracker stock have an average target of 57.58, with a low estimate of 43 and a high estimate of 70. The average target predicts an increase of 54.04% from the current stock price of 37.38.
Analyst Consensus: Strong Buy
| Target | Low | Average | Median | High |
|---|---|---|---|---|
| Price | $43 | $57.58 | $59 | $70 |
| Change | +15.03% | +54.04% | +57.84% | +87.27% |
Analyst Ratings
The average analyst rating for Nextracker stock from 19 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Apr '24 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 10 | 9 | 9 | 8 | 8 | 8 |
| Buy | 8 | 7 | 7 | 7 | 7 | 7 |
| Hold | 4 | 3 | 3 | 3 | 3 | 4 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 22 | 19 | 19 | 18 | 18 | 19 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Jefferies | Jefferies | Hold Initiates $46 | Hold | Initiates | $46 | +23.06% | Sep 4, 2024 |
| Guggenheim | Guggenheim | Strong Buy Maintains $60 → $55 | Strong Buy | Maintains | $60 → $55 | +47.14% | Aug 16, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $65 → $62 | Buy | Maintains | $65 → $62 | +65.86% | Aug 2, 2024 |
| Roth MKM | Roth MKM | Strong Buy Maintains $70 → $65 | Strong Buy | Maintains | $70 → $65 | +73.89% | Aug 2, 2024 |
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Reiterates $55 | Buy | Reiterates | $55 | +47.14% | Aug 2, 2024 |
Financial Forecast
Revenue This Year
2.91B
from 2.50B
Increased by 16.21%
from 2.50B
Revenue Next Year
3.25B
from 2.91B
Increased by 11.70%
from 2.91B
EPS This Year
3.15
from 3.37
Decreased by -6.43%
from 3.37
EPS Next Year
3.43
from 3.15
Increased by 8.68%
from 3.15
| Fiscal Year | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | FY 2027 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Period Ending | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 | Mar 31, 2025 | Mar 31, 2026 | Mar 31, 2027 | ||
| Revenue | 1.17B | 1.20B | 1.46B | 1.90B | 2.50B | 2.91B | 3.25B | 3.55B | ||
| Revenue Growth | 77.27% | 2.08% | 21.91% | 30.50% | 31.42% | 16.21% | 11.70% | 9.46% | ||
| EPS | - | - | - | 0.02 | 3.37 | 3.15 | 3.43 | 3.74 | ||
| EPS Growth | - | - | - | - | 13,591.61% | -6.43% | 8.68% | 9.07% | ||
| Forward PE | - | - | - | - | - | 11.86 | 10.91 | 10.00 | ||
| No. Analysts | - | - | - | - | - | 30 | 29 | 20 |
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.3B | 3.8B | 4.2B | ||
| Avg | 2.9B | 3.2B | 3.6B | ||
| Low | 2.8B | 2.9B | 3.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 33.9% | 32.0% | 28.5% | ||
| Avg | 16.2% | 11.7% | 9.5% | ||
| Low | 10.4% | 1.4% | -3.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.64 | 4.15 | 4.20 | ||
| Avg | 3.15 | 3.43 | 3.74 | ||
| Low | 2.93 | 3.02 | 3.30 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 8.1% | 31.6% | 22.6% | ||
| Avg | -6.4% | 8.7% | 9.1% | ||
| Low | -13.0% | -4.1% | -3.6% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.
