The consensus analyst price target for NEXT stock has risen slightly from £128.16 to £129.56 per share. This adjustment comes as recent company performance and forward guidance have been positively received by many in the market. Stay tuned to find out how investors can keep track of ongoing developments in NEXT’s evolving story.

???? Bullish Takeaways

Deutsche Bank notably increased its price target for Next plc from 10,800 GBp to 11,600 GBp. This reflects recognition of the company’s recent performance and forward momentum.

Analysts pointed to the company’s strong execution and ability to meet its forward guidance as supporting factors for the revised outlook.

Positive sentiment also relates to NEXT’s transparent communication and effective cost control. Both are seen as underpinning its continued growth trajectory.

???? Bearish Takeaways

Despite the higher price target, Deutsche Bank has maintained a Hold rating. This suggests some caution persists regarding valuation and the extent to which near-term upside is already priced in.

The retained neutral stance signals reservations about potential market risks that could temper further upside for NEXT shares.

Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there's more to the story. Head to the Simply Wall St Community to discover more perspectives or begin writing your own Narrative!

NEXT plc has announced an interim ordinary dividend of 87 pence per share for the year ending January 2026, totaling approximately £99 million. The dividend will be paid on 5 January 2026. The shares will trade ex-dividend from 4 December 2025 and the record date is set for 5 December 2025.

The company began a share buyback program on 11 August 2025, allowing for the repurchase of up to 18,467,000 shares, which represents nearly 15% of its issued share capital. This program was approved at the May 2025 AGM and will run until the 2026 AGM or 15 August 2026, whichever comes first. All repurchased shares will be cancelled.

NEXT plc has raised its earnings and sales guidance for the full year 2025/2026, now expecting total group sales to reach £6.72 billion, up from the previously forecasted £6.63 billion.

The consensus analyst price target has risen slightly from £128.16 to £129.56 per share.

The discount rate has declined modestly from 8.90% to 8.75%.

The revenue growth expectation has fallen from 5.92% to 5.47%.

The net profit margin forecast has decreased from 12.63% to 12.40%.

The future P/E ratio has increased from 19.10x to 20.94x.

A Narrative is a powerful story investors can build or follow to understand a company’s future. It is not just numbers, but also the reasoning and assumptions behind them. Narratives on Simply Wall St let millions see how a company’s story links to forecasts and fair value, with updates as new data or news arrives. By comparing Fair Value to Price, Narratives help you spot when it might be time to buy or sell, all in one convenient Community page.

See the full story developing for NEXT by following the original Narrative on International Expansion And Technology Investments Will Support Future Value Creation:

Track how NEXT’s international expansion and investments in AI are expected to drive future revenue and margins.

Monitor the risks analysts see, such as challenging retail conditions and operational pressures, that could shift the outlook.

Stay informed as new earnings, strategy changes, or major news are reflected in the Narrative’s fair value and forecast updates.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include NXT.L.

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