Craig-Hallum analyst Christian Schwab maintains $Nextracker (NXT.US)$ with a buy rating, and sets the target price at $67.
According to TipRanks data, the analyst has a success rate of 56.9% and a total average return of 13.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Nextracker (NXT.US)$'s main analysts recently are as follows:
The company surpassed expectations for a second consecutive quarter, demonstrating strong backlog growth along with an increased forecast for adjusted EBITDA and EPS.
Optimism is maintained for Nextracker's performance leading into its earnings release. It's anticipated that the company will uphold its FY 2025 guidance and is capable of achieving a 7% revenue growth in FY 2026.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
