Nextracker Inc (NXT) PT Raised to $77 at Jefferies

Jefferies analyst Julian Dumoulin-Smith raised the price target on Nextracker Inc (NASDAQ: NXT) to $77.00 (from $63.00) while maintaining a Buy rating.

The analyst comments "We maintain our Buy rating and PT as we see NXT's continuing to deliver robust growth on back of its international biz and new segments. Expect new deals to be announced closer to the analyst day in fall and growing non-tracker bi from LSD% (JEFe) to +30% in 5 years. As such, we see sizable upside to our estimates still—and raise our PT to $77 with unchanged premiums. Clear room to run."

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