NextDecade shares soared 13.5% following a significant LNG deal with a Saudi Aramco unit. Analyst price targets suggest substantial upside potential for the stock. Consensus recommendation highlights an “Outperform” status for NextDecade.

NextDecade (NEXT) has captured the market’s attention with a robust 13.5% pre-market surge. This uptick came on the heels of an announcement detailing a substantial 20-year agreement with a Saudi Aramco (ARMCO) subsidiary. This contract involves the annual supply of 1.2 million metric tons of liquefied natural gas (LNG) and is centered around Train 4 at the Rio Grande LNG facility. There are also prospects for further expansion with future development plans.

Wall Street Analysts Forecast

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The one-year price targets provided by four financial analysts reveal a positive outlook for NextDecade Corp (NEXT). The average target price is marked at $10.75, with estimates ranging from a high of $15.00 to a low of $9.00. This average target price suggests a potential upside of 54.01% from the current trading price of $6.98. To delve into more comprehensive estimate data, visit the NextDecade Corp (NEXT, Financial) Forecast page.

NextDecade Corp’s overall market sentiment is buoyant, with the average brokerage recommendation standing at 2.0, which indicates an “Outperform” status. This scale, used by four brokerage firms, ranges from 1 to 5, where 1 suggests a Strong Buy and 5 indicates a Sell. Investors eyeing NextDecade can take these insights as a reflection of generally optimistic market expectations.