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A Quick Look at Today's Ratings for Nutanix(NTNX.US), With a Forecast Between $77 to $83

Futu News ·  Nov 28, 2024 21:00  · Ratings

On Nov 28, major Wall Street analysts update their ratings for $Nutanix (NTNX.US)$, with price targets ranging from $77 to $83.

Morgan Stanley analyst Meta Marshall maintains with a buy rating, and adjusts the target price from $72 to $78.

RBC Capital analyst Matthew Hedberg maintains with a buy rating, and maintains the target price at $83.

Piper Sandler analyst James Fish maintains with a buy rating, and adjusts the target price from $77 to $83.

Northland Securities analyst Nehal Chokshi maintains with a hold rating, and adjusts the target price from $74 to $77.

Furthermore, according to the comprehensive report, the opinions of $Nutanix (NTNX.US)$'s main analysts recently are as follows:

  • Despite Federal weakness, Nutanix outperformed expectations on both the top and bottom lines in fiscal Q1. The company exhibited strong operating discipline and impressive free cash flow generation. Furthermore, notable traction with the VMware opportunity was observed.

  • Nutanix demonstrated a solid performance during fiscal Q1, with expectations to increase Q2 revenue alongside a positive adjustment to its 2025 free cash flow forecast. This was encouraged by robust renewals. The company continues to strengthen its market presence, supported by additional channel partnerships.

  • Nutanix recently reported a strong quarter, highlighted by a significantly stronger operating margin and healthy revenue outperformance. Additionally, management maintained its FY25 outlook, which is seen as a conservative stance at this early stage of the quarter. This approach reflects the company's continued ability to set realistic expectations effectively.

  • Nutanix demonstrated ongoing success influenced by consistent enterprise demand and changes in VMware's market position. The balance of risk and reward maintains a cautious outlook, with expectations that pipeline conversions will require time. Challenges may arise in the second half of 2025 due to volatility in large deals alongside operational expenditures.

Here are the latest investment ratings and price targets for $Nutanix (NTNX.US)$ from 4 analysts:

StockTodayLatestRating_nn_211580_20241128_en

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

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