Nextracker price target raised to $54 from $50 at Susquehanna

Susquehanna analyst Biju Perincheril raised the firm’s price target on Nextracker (NXT) to $54 from $50 and keeps a Positive rating on the shares. The firm noted Nextracker reported fiscal 3Q 2025 earnings, with a beat on both revenue and EPS. Full-year profitability guidance was raised, largely due to the raising of its structural gross margin target to the low 30s due to increased domestic content, as well as operational improvements, increased software attach rates, and some FX tailwinds.