Analyst Initiates Coverage of NextDecade (NEXT) with Buy Rating, $11 Price Target

NextDecade Corporation (NASDAQ:NEXT) is included among the 12 Best LNG Stocks to Buy in 2026.

Analyst Initiates Coverage of NextDecade (NEXT) with Buy Rating, $11 Price Target

NextDecade Corporation (NASDAQ:NEXT) engages in the construction and development activities related to the liquefaction of natural gas in the United States.  

On May 13, Citi initiated coverage of NextDecade Corporation (NASDAQ:NEXT) with a ‘Buy’ rating and a price target of $11, indicating an upside of 30% from the current levels.

With approximately 48 million tonnes per annum of potential liquefaction capacity currently under construction and in development at its Rio Grande LNG site, NextDecade Corporation (NASDAQ:NEXT) offers exposure to one of the last large-scale LNG export facilities on the US Gulf Coast. With the soaring global energy demand and supply disruptions in the Middle East, Citi expects American LNG to become an “increasingly coveted commodity”.

NextDecade revealed earlier this month that it is working to introduce first gas into the facility in the second half of this year and produce the first LNG from Train 1 in the first half of 2027. As of March 2026, Trains 1 and 2 are 67.8% complete. Train 3 is 44.2% complete, and Trains 4 and 5 are 10.6% and 6.8% complete, respectively.

While we acknowledge the risk and potential of NEXT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NEXT and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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