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What changed: Added Wells Fargo price target update, detailed analyst rating breakdown, and included current market cap and 52-week price range data.

StocksMediumUpdated•Originally published 16 April 2026•Updated 16 April 2026•

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Goldman Sachs and UBS Raise Nextracker (NXT) Price Targets Following Earnings Beats

Key Facts

1Goldman Sachs analysts raised Nextracker's price target to $140 from $133.

2The company achieved an average earnings surprise of 19.24% over the last two quarters.

3UBS Group also raised its target price to $140, with a consensus of 26 analysts providing a 'Moderate Buy' recommendation.

Goldman Sachs and UBS analysts have raised their price targets for Nextracker (NXT) to $140, with Wells Fargo & Company also increasing its price objective. This momentum comes as the company's market capitalization reaches approximately $17.06 billion, with shares trading at $114.92. The analyst consensus remains strongly positive, featuring 19 buy ratings, 6 hold ratings, and 1 strong buy rating out of 26 analysts. Nextracker recently reported earnings of $1.10 per share, beating the $0.93 estimate and maintaining a 19.24% average earnings surprise over two quarters. The stock has demonstrated significant volatility over the past year, with a 52-week range between $37.16 and $131.72. These upward revisions underscore the company's robust position in the solar equipment sector and its continued appeal to institutional investors.

Sources:

Financial Modeling Prep