Nutanix (NASDAQ:NTNX) Given New $55.00 Price Target at Morgan Stanley

Key Points

• Morgan Stanley raised its price target on Nutanix from $53 to $55 while keeping an equal weight rating, implying about 18% upside from the current price.
• Nutanix reported a stronger-than-expected quarter, with EPS of $0.47 versus $0.35 expected and revenue of $703.1 million versus $686.3 million expected, driven by 10% year-over-year revenue growth.
• Despite the solid results, analyst sentiment remains mixed: the stock has a Moderate Buy consensus with an average target of $60.80, but several firms still rate it Hold or Neutral.

Nutanix (NASDAQ:NTNX - Get Free Report) had its price target increased by equities research analysts at Morgan Stanley from $53.00 to $55.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an "equal weight" rating on the technology company's stock. Morgan Stanley's price target would suggest a potential upside of 18.10% from the company's current price.

A number of other research analysts also recently issued reports on NTNX. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Nutanix in a report on Thursday. Rosenblatt Securities reaffirmed a "buy" rating and set a $60.00 price target on shares of Nutanix in a report on Friday, May 22nd. Wall Street Zen downgraded Nutanix from a "buy" rating to a "hold" rating in a report on Tuesday, March 10th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Nutanix in a report on Friday, March 27th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $44.00 price target on shares of Nutanix in a report on Friday, April 10th. Eleven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $60.80.

Nutanix Trading Up 0.0%

NASDAQ NTNX opened at $46.57 on Thursday. Nutanix has a 12 month low of $34.01 and a 12 month high of $82.42. The stock has a market cap of $12.35 billion, a P/E ratio of 50.62, a P/E/G ratio of 5.20 and a beta of 0.54. The stock's fifty day moving average price is $41.65 and its 200-day moving average price is $45.59.

Nutanix (NASDAQ:NTNX - Get Free Report) last released its earnings results on Wednesday, May 27th. The technology company reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.12. Nutanix had a negative return on equity of 37.41% and a net margin of 9.95%.The firm had revenue of $703.07 million for the quarter, compared to analysts' expectations of $686.34 million. During the same period in the prior year, the firm posted $0.22 earnings per share. The company's quarterly revenue was up 10.0% on a year-over-year basis. As a group, analysts forecast that Nutanix will post 0.56 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NTNX. CW Advisors LLC bought a new position in Nutanix in the second quarter valued at about $273,000. Cerity Partners LLC lifted its holdings in Nutanix by 15.2% in the second quarter. Cerity Partners LLC now owns 83,073 shares of the technology company's stock valued at $6,350,000 after acquiring an additional 10,967 shares during the period. Bank of Nova Scotia lifted its holdings in Nutanix by 296.5% in the second quarter. Bank of Nova Scotia now owns 41,616 shares of the technology company's stock valued at $3,181,000 after acquiring an additional 31,119 shares during the period. Daiwa Securities Group Inc. lifted its holdings in Nutanix by 94.7% in the second quarter. Daiwa Securities Group Inc. now owns 48,263 shares of the technology company's stock valued at $3,690,000 after acquiring an additional 23,479 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in Nutanix by 164.4% in the second quarter. NewEdge Advisors LLC now owns 8,622 shares of the technology company's stock valued at $659,000 after acquiring 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: Nutanix topped fiscal Q3 expectations with EPS of $0.47 versus $0.35 expected and revenue of $703.1 million versus $686.3 million expected, reinforcing investor confidence in execution. Nutanix Reports Third Quarter Fiscal 2026 Financial Results
• Positive Sentiment: The company said annual recurring revenue grew 15% year over year and free cash flow remained strong, suggesting the business is continuing to scale profitably. Nutanix Reports Third Quarter Fiscal 2026 Financial Results
• Neutral Sentiment: Despite the strong quarter, Wall Street analysts remain cautious overall, with William Blair and Morgan Stanley both keeping Nutanix at Hold, reflecting balanced risk-reward and ongoing visibility concerns. Balanced Risk-Reward Keeps Nutanix at Hold Despite Strong Q3 Execution and Growth
• Neutral Sentiment: Management’s Q4 revenue guidance of $725 million to $745 million was broadly in line with expectations, which supports the current move but does not point to a major upside surprise from guidance alone.

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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