Nextracker Inc (NXT) PT Raised to $63 at Jefferies

Jefferies analyst Julian Dumoulin-Smith raised the price target on Nextracker Inc (NASDAQ: NXT) to $63.00 (from $50.00) while maintaining a Buy rating.

The analyst comments "NXT again set the tone with topline FY26 guide +~5%+ vs Buyside: nicely done against fears of a conservative guide. Also announced the acquisition of Bentek, an eBOS provider, for $78mn. While not a significant contributor in FY26, mgmt expects similar non-tracker businesses could contribute over 1/3rd of rev over 5-years: outlines unveil to come in 'Fall' of new biz lines. See further upward revision potential. Reit Buy."

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