JPMorgan Chase & Co. assumed coverage on shares of Nextracker (NASDAQ:NXT – Get Rating) in a research report sent to investors on Monday, The Fly reports. The brokerage issued an overweight rating and a $42.00 price target on the stock.
A number of other equities research analysts have also issued reports on the company. Barclays initiated coverage on Nextracker in a research report on Monday. They set an overweight rating and a $42.00 target price on the stock. KeyCorp initiated coverage on Nextracker in a research report on Monday. They set a sector weight rating on the stock. Finally, Cantor Fitzgerald initiated coverage on Nextracker in a research report on Friday, March 3rd. They set an overweight rating and a $40.00 target price on the stock. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $40.00.
Get Nextracker alerts:Nextracker Price Performance
Shares of Nextracker stock opened at $32.66 on Monday. Nextracker has a 12-month low of $28.51 and a 12-month high of $34.85.
About Nextracker
(Get Rating)
Nextracker Inc is a provider of intelligent, integrated solar tracker and software solutions used in utility-scale and distributed generation solar power plants. Nextracker Inc is based in SAN JOSE, Calif.
Further Reading
- Get a free copy of the StockNews.com research report on Nextracker (NXT)
- Fossil Group: Should You Bet On Consumer Discretionary In 2023?
- BJ's Wholesale Club Stock Moves Higher After Strong Results
- Monthly Realty Income is About to Get Bigger
- 3 Large Cap Dividend Challengers for Millennial Investors
- Sea Ltd Is On The Verge Of A 100% Rally, Should You Buy?
Receive News & Ratings for Nextracker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nextracker and related companies with MarketBeat.com's FREE daily email newsletter.