BofA analyst Dimple Gosai raised the firm’s price target on Nextracker to $60 from $53 and keeps a Buy rating on the shares following what the firm calls a “strong” Q3. Despite the recent selloff, the firm still sees a positive long-term margin and adjusted EBITDA revision cycle and notes that its FY26 adjusted EBITDA forecast remains “well ahead” of the Visible Alpha consensus.
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