Nutanix (NASDAQ:NTNX) Given New $90.00 Price Target at Royal Bank Of Canada

Key Points

• Royal Bank of Canada raised Nutanix’s price target to $90 from $84 and maintained an “outperform” rating, implying 28.53% upside from the previous close. The broader analyst view is also positive, with a consensus “Moderate Buy” rating and $69.14 average target.
• Nutanix reported quarterly EPS of $0.60, exceeding the $0.49 estimate, while revenue rose 15.9% year over year to $757.1 million, above expectations. Partnerships involving AMD, Nvidia and AI-related product expansion are supporting the company’s hybrid-cloud growth narrative.
• Shares rose to $70.02, but Nutanix trades at a relatively high valuation, including a 73.98 price-to-earnings ratio, while its negative return on equity and largely in-line fiscal 2027 guidance could limit further upside.

Nutanix (NASDAQ:NTNX - Get Free Report) had its price objective lifted by analysts at Royal Bank Of Canada from $84.00 to $90.00 in a report released on Thursday,Benzinga reports. The firm presently has an "outperform" rating on the technology company's stock. Royal Bank Of Canada's target price would indicate a potential upside of 28.53% from the company's previous close.

NTNX has been the subject of a number of other research reports. Rosenblatt Securities upped their price target on shares of Nutanix from $60.00 to $75.00 and gave the stock a "buy" rating in a report on Tuesday. Northland Securities set a $47.00 price objective on shares of Nutanix in a research note on Thursday, May 28th. Needham & Company LLC boosted their price objective on shares of Nutanix from $60.00 to $85.00 and gave the company a "buy" rating in a research report on Thursday. The Goldman Sachs Group restated a "buy" rating on shares of Nutanix in a research note on Thursday, May 28th. Finally, JPMorgan Chase & Co. raised their target price on Nutanix from $44.00 to $50.00 and gave the company a "neutral" rating in a report on Thursday, May 28th. One equities research 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 company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $69.14.

Nutanix Price Performance

NTNX traded up $4.63 on Thursday, hitting $70.02. 2,075,043 shares of the stock were exchanged, compared to its average volume of 4,008,188. Nutanix has a 12 month low of $34.01 and a 12 month high of $82.42. The business has a 50-day moving average of $57.25 and a two-hundred day moving average of $47.86. The firm has a market capitalization of $18.93 billion, a price-to-earnings ratio of 73.98, a PEG ratio of 4.25 and a beta of 0.60.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in Nutanix by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 27,514,943 shares of the technology company's stock worth $1,422,247,000 after purchasing an additional 832,468 shares in the last quarter. California State Teachers Retirement System lifted its stake in Nutanix by 4,834.4% in the 2nd quarter. California State Teachers Retirement System now owns 14,870,638 shares of the technology company's stock valued at $757,808,000 after purchasing an additional 14,569,274 shares during the last quarter. AQR Capital Management LLC boosted its position in Nutanix by 72.8% in the fourth quarter. AQR Capital Management LLC now owns 11,452,714 shares of the technology company's stock valued at $591,991,000 after buying an additional 4,826,443 shares in the last quarter. Geode Capital Management LLC boosted its position in Nutanix by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 5,283,964 shares of the technology company's stock valued at $272,452,000 after buying an additional 135,533 shares in the last quarter. Finally, FIL Ltd boosted its position in Nutanix by 180.1% in the fourth quarter. FIL Ltd now owns 4,333,937 shares of the technology company's stock valued at $224,021,000 after buying an additional 2,786,929 shares in the last quarter. Institutional investors own 85.25% of the company's stock.

Nutanix News Summary

Here are the key news stories impacting Nutanix this week:

• Positive Sentiment: Nutanix reported fourth-quarter adjusted EPS of $0.60, above the $0.49 consensus estimate, while revenue increased 15.9% year over year to $757.1 million, exceeding expectations of $738.3 million. The company also cited 16% annual recurring revenue growth and strong free cash flow. Nutanix Reports Fourth Quarter and Fiscal 2026 Financial Results
• Positive Sentiment: Partnerships and product expansion involving AMD, Nvidia and AI are strengthening Nutanix’s hybrid-cloud narrative. New controls for deploying agentic AI across hybrid environments could create additional demand and support future bookings growth. Nutanix expands cloud platform with controls for agentic AI
• Positive Sentiment: Needham raised its price target to $85 from $60 and reaffirmed a Buy rating, citing strong execution, growth prospects and partnership upside. Rosenblatt also increased its target to $75. Needham raises Nutanix price target
• Neutral Sentiment: Fiscal 2027 first-quarter revenue guidance of $755 million to $765 million and full-year revenue guidance of approximately $3.2 billion were broadly consistent with analyst estimates. The lack of a major guidance upgrade may be limiting further upside.
• Negative Sentiment: After the earnings-driven advance, investors may be locking in gains, particularly because Nutanix trades at a relatively elevated valuation. The company’s negative return on equity and modest forward outlook provide additional reasons for caution.

Nutanix Company Profile

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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