Goldman Sachs raised the firm’s price target on Nextracker (NXT) to $125 from $89 and keeps a Buy rating on the shares. Nextracker reported Q2 results beat top and bottom line expectations as the company continues to execute on strong demand across the U.S. and international markets, while also seeing momentum on recently acquired businesses, the analyst tells investors in a research note.
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Read More on NXT:
- NEXTracker, Inc. Reports Strong Growth and Positive Outlook
- Nextracker price target raised to $104 from $84 at Jefferies
- Nextracker price target raised to $88 from $65 at TD Cowen
- Nextracker price target raised to $110 from $87 at Baird
- Nextracker price target raised to $120 from $100 at Roth Capital
