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Nutanix (NTNX) Stock Forecast & Price Target

$48.25
-2.13 (-4.23%)
(As of 07/17/2024 ET)

Nutanix - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 15 Wall Street analysts who have issued ratings for Nutanix in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 15 analysts, 4 have given a hold rating, and 11 have given a buy rating for NTNX.

Consensus Price Target

$72.00
49.22% Upside
High Forecast$80.00
Average Forecast$72.00
Low Forecast$42.00

According to the 15 analysts' twelve-month price targets for Nutanix, the average price target is $72.00. The highest price target for NTNX is $80.00, while the lowest price target for NTNX is $42.00. The average price target represents a forecasted upside of 49.22% from the current price of $48.25.

TypeCurrent Forecast
7/18/23 to 7/17/24
1 Month Ago
6/18/23 to 6/17/24
3 Months Ago
4/19/23 to 4/18/24
1 Year Ago
7/18/22 to 7/18/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
11 Buy rating(s)
11 Buy rating(s)
12 Buy rating(s)
6 Buy rating(s)
Hold
4 Hold rating(s)
4 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$72.00$72.77$65.17$33.75
Forecasted Upside49.22% Upside13.06% Upside14.06% Upside30.13% Upside
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NTNX Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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NTNX Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Nutanix Stock vs. The Competition

TypeNutanixComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.73
2.61
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside48.45% Upside104.95% Upside7.55% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/21/2024Morgan Stanley
3 of 5 stars
 Lower TargetEqual Weight ➝ Equal Weight$72.00 ➝ $62.00+18.16%
5/30/2024Northland Capmk
0 of 5 stars
N. Chokshi
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DowngradeStrong-Buy ➝ Hold
5/30/2024Barclays
2 of 5 stars
 Lower TargetOverweight ➝ Overweight$81.00 ➝ $80.00+39.62%
5/30/2024Raymond James
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 Boost TargetOutperform ➝ Outperform$72.00 ➝ $76.00+30.92%
5/30/2024Northland Securities
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 DowngradeOutperform ➝ Market Perform$71.00-3.12%
5/30/2024KeyCorp
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 Boost TargetOverweight ➝ Overweight$69.00 ➝ $79.00+7.79%
5/30/2024Needham & Company LLC
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 Boost TargetBuy ➝ Buy$72.00 ➝ $80.00+9.16%
5/29/2024Royal Bank of Canada
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 Boost TargetOverweight ➝ Overweight$72.00 ➝ $80.00+9.74%
5/24/2024JPMorgan Chase & Co.
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 Boost TargetOverweight ➝ Overweight$70.00 ➝ $80.00+10.86%
4/10/2024Susquehanna
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 Boost TargetPositive ➝ Positive$60.00 ➝ $75.00+16.28%
2/29/2024Bank of America
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 Boost TargetBuy ➝ Buy$55.00 ➝ $65.00+4.79%
2/29/2024Piper Sandler
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 Boost TargetOverweight ➝ Overweight$67.00 ➝ $76.00+28.73%
2/5/2024JMP Securities
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 Boost TargetMarket Outperform ➝ Market Outperform$50.00 ➝ $70.00+22.70%
1/17/2024William Blair
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J. Ader
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UpgradeMarket Perform ➝ Outperform
11/30/2023Wells Fargo & Company
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 Boost TargetEqual Weight ➝ Equal Weight$35.00 ➝ $42.00+1.06%
5/18/2023OTR Global
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 DowngradePositive
9/6/2022Susquehanna Bancshares
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 Boost Target$30.00+35.26%
9/6/2022The Goldman Sachs Group
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 Boost Target$21.00-5.32%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 09:24 PM ET.

NTNX Forecast - Frequently Asked Questions

What is Nutanix's forecast for 2024?

According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for Nutanix is $72.00, with a high forecast of $80.00 and a low forecast of $42.00.

Should I buy or sell Nutanix stock right now?

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Nutanix in the last twelve months. There are currently 4 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" NTNX shares.

Does Nutanix's stock price have much upside?

According to analysts, Nutanix's stock has a predicted upside of 14.58% based on their 12-month stock forecasts.

Has Nutanix been upgraded or downgraded by Wall Street analysts recently?

Over the previous 90 days, Nutanix's stock had 2 downgrades and 1 upgrade by analysts.

What analysts cover Nutanix?
Do Wall Street analysts like Nutanix more than its competitors?

Analysts like Nutanix more than other "computer and technology" companies. The consensus rating score for Nutanix is 2.73 while the average consensus rating score for "computer and technology" companies is 2.61. Learn more on how NTNX compares to other companies.


This page (NASDAQ:NTNX) was last updated on 7/17/2024 by MarketBeat.com Staff

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