Nutanix (NASDAQ:NTNX) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

Key Points

• Needham & Company raised its price target on Nutanix from $55 to $60 and kept a Buy rating, implying about 28.8% upside from the prior close.
• Nutanix recently delivered a better-than-expected quarter, with EPS of $0.47 versus $0.35 expected and revenue of $703.1 million versus $686.3 million expected, while revenue rose 10% year over year.
• Despite the strong results, analyst sentiment remains mixed overall: the stock has a Moderate Buy consensus, with 11 Buy ratings and 8 Hold ratings, and the average price target sits at $61.13.

Nutanix (NASDAQ:NTNX - Get Free Report) had its price objective raised by analysts at Needham & Company LLC from $55.00 to $60.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a "buy" rating on the technology company's stock. Needham & Company LLC's price objective would indicate a potential upside of 28.84% from the company's previous close.

Several other research analysts have also issued reports on NTNX. Royal Bank Of Canada restated an "outperform" rating and issued a $55.00 price target on shares of Nutanix in a research report on Wednesday, April 8th. The Goldman Sachs Group restated a "buy" rating on shares of Nutanix in a research report on Thursday. JPMorgan Chase & Co. restated a "neutral" rating and issued a $44.00 price target on shares of Nutanix in a research report on Friday, April 10th. UBS Group raised their price target on Nutanix from $57.00 to $60.00 and gave the stock a "buy" rating in a research report on Thursday, February 26th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Nutanix in a research note on Friday, March 27th. Eleven research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $61.13.

Nutanix Stock 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 firm has a market capitalization 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 simple moving average is $41.65 and its 200-day simple moving average is $45.59.

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

Institutional Trading of Nutanix

Several hedge funds have recently added to or reduced their stakes in the business. Crestwood Advisors Group LLC raised its stake in Nutanix by 0.4% during the 3rd quarter. Crestwood Advisors Group LLC now owns 43,499 shares of the technology company's stock worth $3,236,000 after buying an additional 161 shares during the period. Utah Retirement Systems raised its stake in shares of Nutanix by 0.6% in the 4th quarter. Utah Retirement Systems now owns 42,355 shares of the technology company's stock valued at $2,189,000 after purchasing an additional 257 shares during the period. International Assets Investment Management LLC raised its stake in shares of Nutanix by 5.8% in the 1st quarter. International Assets Investment Management LLC now owns 4,700 shares of the technology company's stock valued at $179,000 after purchasing an additional 259 shares during the period. Asset Management One Co. Ltd. raised its stake in shares of Nutanix by 0.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 93,016 shares of the technology company's stock valued at $4,868,000 after purchasing an additional 260 shares during the period. Finally, Summit Securities Group LLC raised its stake in shares of Nutanix by 26.4% in the 4th quarter. Summit Securities Group LLC now owns 1,356 shares of the technology company's stock valued at $70,000 after purchasing an additional 283 shares during the period. Institutional investors and hedge funds own 85.25% of the company's stock.

Key Stories Impacting Nutanix

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.

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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