NEXTEnergy · Oil & Gas Equipment & ServicesThe 5 Wall Street analysts covering NextDecade Corp. hold a median 12-month price target of $8.5 — +43.8% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 5 of 100 as at 22 Oct 2026 — in the weakest quartile. The Street sees upside; the factor read is a caution. That gap is the story on this page.
Consensus tells you what everyone already believes. The model scores NextDecade Corp. on its factor families — the same systematic rank behind the Ticker Nerd portfolio.
Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested
Revisions (49): Analysts have, on balance, been raising their forecasts.
Value (2): The shares cost a lot relative to the profits and assets behind them.
Built and run by Aslam Ghouse, an ex-Goldman Sachs quant trader with fourteen years in markets.
The bullish and bearish analyst opinions on NEXT, reported as data — targets and ratings, the market's view beside the model's.
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
Data provided by Twelve Data
The green dot is the last close — the median target sits +43.8% from it.
| Date | Firm | Action | Rating | Target |
|---|---|---|---|---|
| 16 July 2026 | Goldman Sachs | Initiates | Neutral | $8.50 |
| 13 May 2026 | Citigroup | Initiates | Buy | $11 |
| 13 May 2026 | Citigroup | Initiates | Buy | — |
| 21 Apr 2026 | Morgan Stanley | Maintains | Equal-Weight | — |
| 24 Feb 2026 | Morgan Stanley | Maintains | Equal-Weight | — |
| 15 Sept 2025 | TD Cowen | Downgrade | Hold | — |
| 12 Sept 2025 | Morgan Stanley | Downgrade | Equal-Weight | — |
| 11 July 2025 | Morgan Stanley | Maintains | Overweight | — |
| 6 June 2024 | TD Cowen | Maintains | Hold | — |
| 16 Aug 2023 | Wolfe Research | Upgrade | Outperform | — |
| 15 Aug 2023 | Stifel | Upgrade | Buy | — |
| 26 Oct 2022 | Morgan Stanley | Maintains | Overweight | — |
| 28 July 2022 | Stifel | Upgrade | Hold | — |
| 26 Apr 2022 | Stifel | Downgrade | Sell | — |
| 1 Apr 2022 | Credit Suisse | Downgrade | Neutral | — |
| 16 Feb 2022 | Morgan Stanley | Maintains | Overweight | — |
| 8 June 2021 | Evercore ISI Group | Upgrade | Outperform | — |
| 7 June 2021 | Morgan Stanley | Upgrade | Overweight | — |
| 26 Mar 2021 | Morgan Stanley | Upgrade | Equal-Weight | — |
| 24 Mar 2021 | Credit Suisse | Upgrade | Outperform | — |
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
NEXT appears in the Radar on the weeks it earns a place.
Both lines are total return — dividends reinvested — so the comparison is honest on both sides.
Over the twelve months to 22 Oct 2026, NextDecade Corp. returned +0.9% against +15.6% for the S&P 500, dividends included.
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Data provided by Twelve Data
Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.
A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.
Cheaper than 13% of US stocks
Cheaper than 82% of US stocks
Cheaper than 96% of US stocks
Higher than 32% of US stocks
Higher than 30% of US stocks
Higher than 33% of US stocks
Higher than 39% of US stocks
Higher than 1% of US dividend payers
Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.
The headline figures, each with its date. Every row carries its own link — cite it straight from here.
NextDecade Corp. has a market value of $1.6B and an enterprise value of $15.1B.
Revenue in the twelve months to 30 June 2026: $0.0.
Net income over the same four quarters: −$369.0M.
Free cash flow in the twelve months to 30 June 2026: −$5.7B.
Trailing P/E: 57.2×; forward P/E: 6.5× — the forward figure prices analyst consensus estimates, not reported earnings.
Forward dividend yield: 0.00%, paying out 0% of earnings.
NextDecade Corp. employs 360 people.
Data provided by Twelve Data
The nearest names by industry and size, scored by the same model — like for like.
Look up any of the roughly 4,600 stocks we score.
The rank is the raw material. Whether the rules would actually own NextDecade Corp. — and when they’d sell — is the membership. See the Ticker Nerd 20 →
NextDecade announced it will host a conference call and webcast on October 29, 2026, at 1:00 p.m. Eastern Time to discuss third-quarter developments. The company expects to release an accompanying press release and presentation before the market opens that day.
Why it matters — NEXT watchers can note when the company plans to share its third-quarter update and related materials.
Midstream MLPs and corporations reported strong second-quarter earnings, driven by record volume throughput, strong margins, and robust demand for natural gas and NGL exports. The earnings also highlighted the defensive nature of their fee-based cash flows.
Why it matters — As an LNG export-focused company, NextDecade stands to benefit from the same robust natural gas and NGL demand and strong midstream fundamentals highlighted in the earnings results.
NextDecade is advancing five LNG trains at Rio Grande, supported by long-term contracts and fully wrapped EPC agreements that mitigate construction and cost overrun risks. Its economic interest rises from 20.8% in Phase 1 to 60% in Train 4 and 70% in Train 5, with Train 6 offering further potential for accretion.
Why it matters — A NEXT watcher would care because the increasing ownership stake across successive trains, along with commissioning LNG sales at margins above $3.00 per MBtu and a forward price-to-book of 0.41, highlights potential undervaluation and near-term cash flow catalysts.
Midstream energy companies are expanding natural gas pipelines through acquisitions and project developments to capture growing demand driven by LNG exports and data centers. Williams Companies announced a $5.5 billion acquisition of Momentum Midstream as part of this trend.
Why it matters — A NEXT watcher would care because growing midstream pipeline expansion reflects rising natural gas demand from LNG exports, a key driver for NextDecade's LNG business.
NextDecade Corporation held its Q2 2026 earnings call, during which management discussed the company's quarterly financial results and operational performance. The transcript of that call has been published by Seeking Alpha.
Why it matters — Earnings call transcripts provide NEXT investors with direct insight into management's commentary on financial results, project updates, and strategic direction.
The 5 Wall Street analysts covering NextDecade Corp. have a median 12-month price target of $8.5, with estimates ranging from $7 to $11. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.
Of the 5 analysts covering NextDecade Corp., 2 rate it a Buy, 3 a Hold and 0 a Sell. Ticker Nerd's systematic factor model ranks NextDecade Corp. 5 out of 100 across roughly 4,600 US stocks as at 22 Oct 2026. None of this is personal advice — it does not consider your circumstances.
As at 22 Oct 2026, NextDecade Corp. ranks 5 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Revisions (49 of 100).
No one can know that. What the data says: the median 12-month target from 5 analysts implies +43.8% from the last close, and Ticker Nerd's factor model ranks NextDecade Corp. 5 out of 100 as at 22 Oct 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.
No analyst covering NextDecade Corp. publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for NEXT are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $7 to $11 over the next 12 months.
NextDecade Corp. returned +0.9% over the 12 months to 22 Oct 2026, with dividends reinvested. Past performance does not indicate future returns.
NextDecade Corporation is an energy company focused on the development, construction, and operation of liquefied natural gas infrastructure in the United States. NextDecade Corporation’s core business centers on the Rio Grande LNG project near Brownsville, Texas, where it develops large-scale liquefaction and export facilities designed to move U.S.
The most recent item we track (Business Wire, 7 Oct 2026): "NextDecade Announces Timing of Third Quarter 2026 Investor Call". NextDecade announced it will host a conference call and webcast on October 29, 2026, at 1:00 p.m. Eastern Time to discuss third-quarter developments. The company expects to release an accompanying press release and presentation before the market opens that day.
NextDecade Corporation is an energy company focused on the development, construction, and operation of liquefied natural gas infrastructure in the United States. NextDecade Corporation’s core business centers on the Rio Grande LNG project near Brownsville, Texas, where it develops large-scale liquefaction and export facilities designed to move U.S. natural gas into global markets. The company also works on carbon capture and storage initiatives, including projects linked to its LNG operations and other industrial applications, reflecting a broader emphasis on lower-emission energy solutions. In addition to infrastructure development, NextDecade Corporation is involved in LNG sales and associated midstream activities that support the natural gas supply chain. Based in Houston, Texas, NextDecade Corporation plays a specialized role in the North American LNG market by linking domestic gas resources with international demand through export-focused energy infrastructure.
CEO Mr. Matthew K. Schatzman · 360 employees · United States · https://www.next-decade.com
