Analysts have raised their price target for Nexans to €130.71, citing stronger backlog growth, improved medium-term visibility, and operational gains that enhance confidence in earnings power and market share potential.
Analyst Commentary
- Improved backlog growth, signaling a return to top-line momentum.
- Enhanced visibility into medium-term supply/demand dynamics post-2026 supports confidence in sustained earnings power.
- Bullish analysts highlighting an attractive risk/reward profile following recent operational improvements.
- Upward revisions in price targets reflect greater optimism regarding Nexans' execution of its growth strategy.
- Bullish analysts anticipate potential for market share gains amid favorable industry trends.
What's in the News
- Nexans partnered with Crowley Wind Services to develop and operate a Jones Act compliant U.S.-flagged cable lay barge, dedicated to offshore wind energy and other subsea cabling needs, currently supporting Equinor's Empire Wind farm.
- CFO Jean-Christophe Juillard announced his departure, with Nexans actively seeking a high-profile successor to ensure strong financial governance and smooth transition.
- Nexans inaugurated Stella Nova, a Center of Excellence in Hanover, Germany, featuring a world-first test bench for superconducting cable solutions targeting efficient, high-capacity power delivery for data centers and other industrial applications.
Valuation Changes
Summary of Valuation Changes for Nexans
- The Consensus Analyst Price Target has risen slightly from €125.79 to €130.71.
- The Net Profit Margin for Nexans has risen slightly from 5.35% to 5.56%.
- The Consensus Revenue Growth forecasts for Nexans has risen slightly from -5.2% per annum to -5.0% per annum.
Disclaimer
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