Needham & Company LLC Forecasts Strong Price Appreciation for Nutanix (NASDAQ:NTNX) Stock

Key Points

• Needham raised Nutanix’s price target from $60 to $85 and maintained a “buy” rating, implying nearly 30% upside from the reported share price.
• Nutanix exceeded quarterly expectations, reporting adjusted EPS of $0.60 versus $0.49 expected and revenue of $757.1 million, up 15.9% year over year.
• Analyst sentiment is broadly positive, with the stock holding a “Moderate Buy” consensus and an average price target of $66.71, although its elevated valuation and potential hardware constraints remain risks.

Nutanix (NASDAQ:NTNX - Get Free Report) had its price target hoisted by analysts at Needham & Company LLC from $60.00 to $85.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a "buy" rating on the technology company's stock. Needham & Company LLC's price target points to a potential upside of 29.99% from the company's current price.

Other equities research analysts have also issued research reports about the company. UBS Group raised their price objective on Nutanix from $62.00 to $80.00 and gave the company a "buy" rating in a research note on Tuesday. Morgan Stanley upped their target price on Nutanix from $53.00 to $55.00 and gave the company an "equal weight" rating in a research report on Thursday, May 28th. The Goldman Sachs Group reiterated a "buy" rating on shares of Nutanix in a research note on Thursday, May 28th. Barclays raised their price target on shares of Nutanix from $47.00 to $53.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 28th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Nutanix in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $66.71.

Nutanix Stock Down 1.6%

NTNX opened at $65.39 on Thursday. The firm's 50 day moving average is $57.25 and its 200-day moving average is $47.86. Nutanix has a 52-week low of $34.01 and a 52-week high of $82.42. The firm has a market capitalization of $17.68 billion, a P/E ratio of 68.83, a P/E/G ratio of 4.25 and a beta of 0.60.

Nutanix (NASDAQ:NTNX - Get Free Report) last announced its earnings results on Wednesday, August 26th. The technology company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.11. Nutanix had a net margin of 10.03% and a negative return on equity of 38.96%. The business had revenue of $757.08 million during the quarter, compared to the consensus estimate of $738.27 million. During the same period in the prior year, the firm earned $0.37 earnings per share. The business's quarterly revenue was up 15.9% compared to the same quarter last year. Equities analysts expect that Nutanix will post 0.73 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Nutanix

A number of institutional investors have recently modified their holdings of NTNX. CW Advisors LLC acquired a new position in Nutanix in the second quarter valued at approximately $273,000. Cerity Partners LLC raised its position in shares of Nutanix by 15.2% during the 2nd quarter. Cerity Partners LLC now owns 83,073 shares of the technology company's stock worth $6,350,000 after purchasing an additional 10,967 shares during the period. Bank of Nova Scotia lifted its holdings in shares of Nutanix by 296.5% in the 2nd quarter. Bank of Nova Scotia now owns 41,616 shares of the technology company's stock worth $3,181,000 after purchasing an additional 31,119 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Nutanix by 94.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 48,263 shares of the technology company's stock worth $3,690,000 after purchasing an additional 23,479 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in Nutanix by 164.4% during the 2nd quarter. NewEdge Advisors LLC now owns 8,622 shares of the technology company's stock valued at $659,000 after purchasing an additional 5,361 shares during the period. Institutional investors own 85.25% of the company's stock.

Key Nutanix News

Here are the key news stories impacting Nutanix this week:

• Positive Sentiment: Quarterly earnings beat expectations. Nutanix reported adjusted EPS of $0.60 versus the $0.49 consensus estimate, while revenue reached $757.1 million, ahead of expectations near $738 million and up 15.9% year over year. The company also reported 16% annual recurring revenue growth and strong fiscal-year free cash flow. Nutanix Reports Fourth Quarter and Fiscal 2026 Financial Results
• Positive Sentiment: Bookings momentum supports future growth. KeyBanc said Nutanix’s bookings are growing rapidly and argued that revenue should eventually catch up, a positive signal for forward demand. The company’s relationships with AMD and Nvidia also strengthen its positioning in AI infrastructure. AMD and Nvidia Partner Nutanix's Stock Jumps After Earnings Beat. Why It's Got Further to Go.
• Positive Sentiment: Analyst support increased. Rosenblatt Securities raised its Nutanix price target from $60 to $75 and maintained a buy rating, reinforcing the bullish reaction to the earnings report. Rosenblatt Securities Boosts Nutanix Price Target to $75.00
• Positive Sentiment: AI product expansion adds a growth catalyst. Nutanix introduced new controls for running production “agentic AI” workloads across hybrid clouds, potentially increasing demand for its cloud infrastructure software and reinforcing its AI strategy. Nutanix Expands Cloud Platform With Controls for Agentic AI
• Neutral Sentiment: Fiscal 2027 guidance was broadly in line. First-quarter revenue guidance of $755 million to $765 million was close to the $755.4 million consensus, while full-year revenue guidance was approximately $3.2 billion. This supports stability but provides limited near-term upside relative to expectations.
• Negative Sentiment: Valuation and execution risks remain. Nutanix trades at a high earnings multiple after a substantial run-up, and analysts have noted that hardware availability could constrain growth even as software demand remains healthy. Investors may therefore require continued strong bookings and revenue conversion to justify further gains. Nutanix Is Selling Plenty of Software. Growth May Cool as Hardware Stays Tight

About Nutanix

Nutanix, Inc is an enterprise cloud computing company that develops software to simplify the deployment and management of datacenter infrastructure. Founded in 2009 and headquartered in San Jose, California, Nutanix is best known for pioneering hyperconverged infrastructure (HCI), an approach that integrates compute, storage and virtualization into a single software-defined platform aimed at reducing complexity and operational overhead in private and hybrid cloud environments.

The company's product portfolio centers on the Nutanix Cloud Platform, which includes its core AOS software for HCI, Prism for infrastructure management and automation, and a suite of additional services such as Calm for application automation, Files and Volumes for file and block services, Karbon for Kubernetes orchestration, and Era for database management.

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