
Nutanix (NTNX) Stock Forecast & Price Target
Nutanix (NTNX) Analyst Ratings
Bulls say
Nutanix Inc continues to exhibit robust financial performance, highlighted by a consistent addition of over 600 new customers for six consecutive quarters, which reflects strong competitive positioning and effective partnership strategies. The company's Annual Recurring Revenue (ARR) reached $2.28 billion, achieving an 18% year-over-year growth, coupled with net new ARR accelerating to 17%, indicating a solid foundation for future revenue generation. Additionally, Nutanix is on track to exceed its Free Cash Flow targets, supported by a disciplined cost management approach and favorable market dynamics stemming from recent M&A activities.
Bears say
Nutanix Inc. has experienced a notable decline in its stock, with shares dropping approximately 15% after the company reported its first earnings miss in over five years, which has raised concerns about its future growth potential. The company's guidance for fiscal year 2026 has been reduced by 3%, partly due to a decrease in average contract duration and challenges such as delayed migration start dates and supply chain constraints, culminating in a lower-than-expected revenue forecast for the second fiscal quarter of 2024. Additionally, revenue for the last quarter reached $670.6 million, at the low end of expectations, reflecting headwinds in annual recurring revenue (ARR) and net recurring revenue (NRR) as more customers opted for contracts with later start dates.
This aggregate rating is based on analysts' research of Nutanix and is not a guaranteed prediction by Public.com or investment advice.
Nutanix (NTNX) Analyst Forecast & Price Prediction
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