Next (NXT)

Down
Share Price:
14,685.00p
Market Cap:
£17,572m
Change Today:
-230.00p
Sector:
Retailers

Berenberg raises target price on Next

By Iain Gilbert

Date: Thursday 30 Oct 2025

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg raised their target price on retailer Next from 14,700p to 17,800p on Thursday, stating the group's fourth-quarter guidance "continues to look cautious"
Berenberg, which reiterated its 'buy' rating on Next, thinks that growth angles that have emerged at the company over the past five years could underpin upside risk for the stock.

"In addition to a continuing keen focus on the Next brand - in terms of the quality and style offered to customers - these growth angles include the development of fully-owned brands such as Made, Cath Kidston and Seraphine; licences with other brands to create exclusive ranges, eg Swoon and AllSaints; majority holdings in a long list of branded retailers and joint ventures (JVs), including Reiss, Joules, FatFace and Gap UK and Eire; and the provision of Next Total Platform software and logistics services, which are enabling its majorityowned brands to grow online," said Berenberg.

The German bank increased its current-year adjusted pre-tax profits estimate by 3% from £1.10bn to £1.13bn, while its outer-year estimates increased on its now-higher current-year base.

"We increase our DCF-based price target by 21% from £147 to £178, helped by higher profit estimates and a decrease in the WACC assumption from 8% to 7.2%," added Berenberg.



Reporting by Iain Gilbert at Sharecast.com

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Next Market Data

Currency UK Pounds
Price 14,685.00p
Change Today -230.00p
52 Week High 15,715.00p
52 Week Low 11,575.00p
Volume 222,227
Shares Issued 119.66m
Market Cap £17,572m

Performance Indicators

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What The Brokers Say

Strong Buy 5
Buy 4
Neutral 11
Sell 0
Strong Sell 0
Total 20
buy
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