Nextracker price target raised to $52 from $42 at Barclays

Barclays analyst Christine Cho raised the firm’s price target on Nextracker to $52 from $42 and keeps an Overweight rating on the shares. While the company has raised numbers twice in two quarters, there is still upside to numbers across revenue, gross margins and EBITDA for this fiscal year, the analyst tells investors in a research note.