Roth MKM analyst Philip Shen raised the firm’s price target on Nextracker to $60 from $45 and keeps a Buy rating on the shares. The company saw a “strong” earnings beat with robust bookings in Q1, along with much stronger than expected margins, the analyst tells investors in a research note. Nextracker continues to win market share and the strength should continue, the firm added.
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Read More on NXT:
- Nextracker price target raised to $43 from $42 at Citi
- Nextracker price target raised to $50 from $45 at Mizuho
- Nextracker sees FY24 adjusted EPS $1.45-$1.65, consensus $1.45
- Nextracker reports Q1 adjusted EPS 48c, consensus 29c
- Nextracker price target raised to $50 from $44 at Truist
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