TD Cowen Lowers NextDecade (NEXT) Price Target to $6

NextDecade Corporation (NASDAQ:NEXT) is among the 11 Most Active Small Cap Stocks to Buy.

On March 5, TD Cowen lowered its price target on NextDecade Corporation (NASDAQ:NEXT) to $6 from $7 while maintaining a Hold rating, reflecting updated assumptions around LNG pricing and project economics. The firm noted that while realized margins may be lower than previously expected, the company’s ability to increase contracted capacity and utilize project-level financing provides a constructive pathway forward.

Previously, on February 24, Morgan Stanley reduced its price target on NextDecade Corporation (NASDAQ:NEXT) to $7 from $10 and maintained an Equal Weight rating, citing expectations for a potential oversupply in the global LNG market. While near-term catalysts remain limited as projects are still under development, the long-term structural demand for LNG continues to underpin the investment thesis.

NextDecade Corporation (NASDAQ:NEXT) is a developer of liquefied natural gas export infrastructure, focused on large-scale projects along the U.S. Gulf Coast. Despite near-term uncertainty, the company’s strategic positioning within the global LNG supply chain and its progress toward project execution provide meaningful long-term upside as energy demand continues to evolve.

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