Litchfield Hills Reiterates Buy Rating on NextPlat Corp
Analyst Theodore O'Neill from Litchfield Hills reaffirms a buy rating and sets a price target of $11 for NextPlat Corp, a 78.86% upside from the current price.
Key Points
- Litchfield Hills reaffirmed its buy rating on NextPlat Corp (NXPL) with a target price of $11, as of June 24, 2026.
- Litchfield Hills's $11 price target implies 78.86% upside from NextPlat Corp's ($NXPL) current $6.15 share price.
- NextPlat Corp, trading at $6.59 on Friday, has a market cap of about $17.4 million and a forward P/E ratio of 11.28.
- Insider buying was noted in April 2026, and institutional activity included new positions by Vanguard Capital Management and Jane Street Group.
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On June 24, 2026, Litchfield Hills reiterated its buy rating on NextPlat Corp (NasdaqCM: NXPL), setting a price target of $11. Analyst Theodore O'Neill maintained this position, indicating confidence in the company's future prospects. Shares of NextPlat traded at $6.59 on Friday.
Other Institutional Activity in NextPlat Corp
Several institutional investors made moves in NextPlat Corp recently. Vanguard Capital Management LLC opened a new position with 14,771 shares valued at about $54,948. Similarly, Vanguard Fiduciary Trust Co also initiated a stake with 9,056 shares worth approximately $33,690. On the other hand, Omnia Family Wealth, LLC reduced its holdings by 81,206 shares, leaving it with 9,023 shares valued at $33,565, marking a 90% decrease. Northern Trust Corp also cut its position by 40,985 shares, resulting in 4,554 shares worth around $16,941.
NextPlat Corp Stock Down 33.6%
Shares of NextPlat Corp traded around $6.59 on Friday. The company has a market capitalization of approximately $17.4 million, with a forward P/E ratio of 11.28 and a beta of 1.879. The stock's 52-week range spans from a low of $3.40 to a high of $11.10. It has a 50-day moving average of $6.38 and a 200-day moving average of $6.46. NextPlat's current and quick ratios are 2.559 and 2.006, respectively, with a debt-to-equity ratio of 10.812.
$NXPL price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
NextPlat Corp reported revenue of $50.25 million, though it experienced a revenue decline of 29.2%. The company posted a net margin of -19.182% and a return on equity of -45.94%. The next earnings report is expected on May 15, 2025.
Insider Buying and Selling at NextPlat Corp
Insider buying activity was recorded on April 6, 2026, with Anthony Armas, Rodney Barreto, and Douglas Ellenoff each acquiring shares. Armas purchased 12,162 shares, Barreto bought 24,324 shares, and Ellenoff also acquired 24,324 shares, indicating a show of confidence by these insiders.
Analysts Set New Price Targets
On June 24, 2026, Litchfield Hills initiated coverage on NextPlat Corp with a buy rating and an $11 price target. The consensus among analysts is a strong buy, with the average target price also at $11, based on one analyst opinion.
About NextPlat Corp
NextPlat Corp is a healthcare and e-commerce company headquartered in Hallandale Beach, Florida. It operates in various regions, including Europe, North America, and Asia, providing e-commerce and healthcare services. Under the leadership of CEO David Phipps, the company offers a range of services such as prescription pharmaceuticals, tele-pharmacy services, and e-commerce solutions for satellite communications and IoT connectivity. Founded in 2008, NextPlat has around 121 employees dedicated to its operations.
Bottom Line
Litchfield Hills' reiteration of a buy rating for NextPlat Corp with an $11 target underscores confidence in the company's potential. Investors keep a close watch on such analyst ratings as they reflect expert insights into the company's prospects. While the 13F filings and analyst ratings provide a snapshot of past actions and opinions, they remain a valuable tool for understanding market sentiment.
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