BofA analyst Dimple Gosai raised the firm’s price target on Nextracker (NXT) to $65 from $55 and keeps a Buy rating on the shares. After a “strong beat” and mixed guidance that the firm views as “likely conservative,” BofA lowered FY26 estimates to above the mid-point given the company’s recent beat and raise track record and raised its FY27 revenue and adjusted EBITDA estimates by about 6% to reflect acceleration in FY27 via acquisition and organic growth initiatives, the analyst tells investors.
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Read More on NXT:
- Nextracker price target raised to $65 from $49 at Piper Sandler
- NEXTracker’s Strategic Positioning and Strong Performance Justify Buy Rating and Increased Price Objective
- NEXTracker Reports Record Revenue and Strategic Expansion
- NEXTracker Announces Board Changes Amid Strong Q4 Results
- Nextracker sees FY26 adjusted EPS $3.65-$4.03, consensus $3.87