Truist raised the firm’s price target on Nextracker to $52 from $50 and keeps a Buy rating on the shares. The company reported another impressive quarter under its belt, the analyst tells investors in a research note, adding that Nextracker has increasingly shown the market that the long-term margin profile of its tracker business warrants a “rethinking higher”.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on NXT:
- Microsoft upgraded, F5 Networks downgraded: Wall Street’s top analyst calls
- Nextracker price target raised to $55 from $50 at Craig-Hallum
- Nextracker upgraded to Outperform from Market Perform at Northland
- Nextracker price target raised to $57 from $52 at JPMorgan
- Nextracker announces plan to separate fromFlex