Nextracker Inc (NXT) PT Raised to $65 at TD Cowen

TD Cowen analyst Jeff Osborne raised the price target on Nextracker Inc (NASDAQ: NXT) to $65.00 (from $55.00) while maintaining a Hold rating.

The analyst commented: "Nextracker delivered a strong quarter and raised FY26 guidance, supported by record backlog. The majority of the backlog has secured ITC safe harbor, providing visibility, though the expected guidance update from Treasury presents uncertainty. Investor day on November 12 to provide a road map on building non-tracker revenue. Raising price target to $65 from $55 using an 11x FY26 EV/EBITDA "

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