Nutanix (NTNX) Stock Forecast, Price Target & Predictions

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NTNX Stock Forecast

Nutanix stock forecast is as follows: an average price target of $63.23 (represents a -7.61% downside from NTNX’s last price of $68.44) and a rating consensus of 'Buy', based on 13 wall street analysts offering a 1-year stock forecast.

NTNX Price Target

The average price target for Nutanix (NTNX) is $63.23 based on 1-year price targets from 13 Wall Street analysts in the past 3 months, with a price target range of $85.00 to $32.00. This represents a potential -7.61% downside from NTNX's last price of $68.44.

NTNX Analyst Ratings

Buy

According to 13 Wall Street analysts, Nutanix's rating consensus is 'Buy'. The analyst rating breakdown for NTNX stock is 0 'Strong Buy' (0.00%), 11 'Buy' (84.62%), 2 'Hold' (15.38%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Nutanix Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Oct 28, 2024	Meta Marshall	Morgan Stanley	$72.00	$64.12	12.29%	5.20%
Aug 29, 2024	Simon Leopold	Raymond James	$85.00	$62.55	35.88%	24.20%
Aug 29, 2024	Meta Marshall	Morgan Stanley	$71.00	$52.29	35.78%	3.74%
Aug 29, 2024	George Wang	Barclays	$75.00	$52.29	43.43%	9.59%
May 30, 2024	Simon Leopold	Raymond James	$76.00	$60.05	26.56%	11.05%
May 30, 2024	James Fish	Piper Sandler	$76.00	$59.95	26.76%	11.05%
May 30, 2024	Nehal Chokshi	Northland Securities	$71.00	$73.29	-3.12%	3.74%
May 30, 2024	Mike Cikos	Needham	$80.00	$73.29	9.16%	16.89%
May 30, 2024	Matthew Hedberg	RBC Capital	$80.00	$73.29	9.16%	16.89%
May 30, 2024	Thomas Blakey	KeyBanc	$79.00	$59.62	32.51%	15.43%

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The latest Nutanix stock forecast, released on Oct 28, 2024 by Meta Marshall from Morgan Stanley, set a price target of $72.00, which represents a 12.29% increase from the stock price at the time of the forecast ($64.12), and a 5.20% increase from NTNX last price ($68.44).

Nutanix Price Target by Period

	1M	3M	12M
# Anlaysts	1	4	13
Avg Price Target	$72.00	$75.75	$75.46
Last Closing Price	$68.44	$68.44	$68.44
Upside/Downside	5.20%	10.68%	10.26%

In the current month, the average price target of Nutanix stock is $72.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 5.20% increase as opposed to Nutanix's last price of $68.44. This month's average price target is down -4.95% compared to last quarter, and down -4.59% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Oct 28, 2024	Wolfe Research	-	Outperform	Upgrade
Oct 28, 2024	Morgan Stanley	Equal-Weight	Overweight	Upgrade
Oct 01, 2024	Zacks Investment Research	Perform	Perform	Hold
Aug 29, 2024	Raymond James	Outperform	Outperform	Hold
Aug 29, 2024	RBC Capital	Outperform	Outperform	Hold
Aug 29, 2024	Morgan Stanley	Equal-Weight	Equal-Weight	Hold
Aug 29, 2024	Piper Sandler	Overweight	Overweight	Hold
Aug 29, 2024	Barclays	Overweight	Overweight	Hold
May 30, 2024	Raymond James	Outperform	Outperform	Hold
May 30, 2024	KeyBanc	Sector Weight	Sector Weight	Hold

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Nutanix's last stock rating was published by Wolfe Research on Oct 28, 2024. The company Upgrade its NTNX rating from "null" to "Outperform".

Nutanix Financial Forecast

Nutanix Revenue Forecast

	Jul 27	May 27	Jan 27	Oct 26	Jul 26	May 26	Jan 26	Oct 25	Jul 25	May 25	Jan 25	Oct 24	Jul 24	May 24	Jan 24	Oct 23	Jul 23	May 23	Jan 23	Oct 22	Jul 22	May 22	Jan 22	Oct 21	Jul 21	May 21	Jan 21	Oct 20	Jul 20	May 20
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$565.23M	$511.05M	$494.21M	-	$486.50M	$433.61M	$385.54M	-	$413.08M	$378.52M	$390.72M	-	$346.38M	$312.75M	$327.87M	-
Avg Forecast	$808.90M	$788.15M	$815.10M	$739.20M	$751.77M	$703.62M	$741.46M	$676.54M	$647.33M	$601.55M	$633.81M	$571.75M	$536.95M	$515.96M	$551.28M	$501.26M	$475.23M	$432.92M	$464.97M	$412.87M	$355.31M	$397.88M	$406.88M	$367.10M	$362.87M	$334.43M	$327.00M	$298.41M	$319.96M	$313.26M
High Forecast	$837.50M	$816.01M	$843.92M	$765.33M	$778.35M	$728.50M	$767.68M	$700.45M	$670.21M	$622.81M	$650.56M	$581.43M	$536.95M	$515.96M	$551.28M	$504.79M	$492.03M	$448.23M	$481.41M	$425.55M	$366.11M	$409.98M	$419.25M	$378.26M	$373.90M	$344.59M	$336.94M	$307.49M	$329.69M	$322.78M
Low Forecast	$787.44M	$767.24M	$793.48M	$719.59M	$731.83M	$684.95M	$721.79M	$658.59M	$630.16M	$585.59M	$617.91M	$568.32M	$536.95M	$515.96M	$551.28M	$499.77M	$462.62M	$421.44M	$452.64M	$404.98M	$348.41M	$390.16M	$398.98M	$359.97M	$355.82M	$327.93M	$320.65M	$292.62M	$313.75M	$307.18M
# Analysts	6	6	6	6	6	6	6	9	9	9	12	12	6	6	5	10	5	5	5	4	4	4	4	5	5	5	5	8	5	4
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.03%	1.02%	1.04%	-	1.05%	1.05%	1.09%	-	1.02%	1.03%	1.08%	-	1.06%	1.05%	1.02%	-

Nutanix's average Quarter revenue forecast for May 24 based on 6 analysts is $515.96M, with a low forecast of $515.96M, and a high forecast of $515.96M. NTNX's average Quarter revenue forecast represents a -8.72% decrease compared to the company's last Quarter revenue of $565.23M (Jan 24).

Nutanix EBITDA Forecast

	Jul 27	May 27	Jan 27	Oct 26	Jul 26	May 26	Jan 26	Oct 25	Jul 25	May 25	Jan 25	Oct 24	Jul 24	May 24	Jan 24	Oct 23	Jul 23	May 23	Jan 23	Oct 22	Jul 22	May 22	Jan 22	Oct 21	Jul 21	May 21	Jan 21	Oct 20	Jul 20	May 20
# Analysts	6	6	6	6	6	6	6	9	9	9	12	12	6	6	5	10	5	5	5	4	4	4	4	5	5	5	5	8	5	4
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$37.05M	$12.48M	$5.96M	-	$-31.09M	$-60.42M	$-112.59M	-	$-72.33M	$-377.76M	$-307.31M	-	$-236.91M	$-223.65M	$-157.05M	-
Avg Forecast	$-236.74M	$-230.66M	$-238.55M	$-216.34M	$-220.02M	$-205.92M	$-217.00M	$-198.00M	$-189.45M	$-176.05M	$-185.49M	$-167.33M	$-157.15M	$-145.11M	$-161.34M	$-146.70M	$-139.08M	$-131.92M	$-646.52M	$-101.95M	$-87.74M	$-119.92M	$-100.47M	$-90.65M	$-89.60M	$-291.20M	$-80.75M	$-73.69M	$-79.01M	$-214.61M
High Forecast	$-230.46M	$-224.54M	$-232.22M	$-210.60M	$-214.18M	$-200.46M	$-211.24M	$-192.74M	$-184.42M	$-171.38M	$-180.84M	$-166.33M	$-157.15M	$-116.09M	$-161.34M	$-146.27M	$-135.39M	$-105.53M	$-517.22M	$-100.00M	$-86.03M	$-95.94M	$-98.52M	$-88.89M	$-87.86M	$-232.96M	$-79.18M	$-72.26M	$-77.47M	$-171.69M
Low Forecast	$-245.10M	$-238.82M	$-246.98M	$-223.99M	$-227.79M	$-213.20M	$-224.67M	$-205.00M	$-196.15M	$-182.27M	$-190.39M	$-170.16M	$-157.15M	$-174.13M	$-161.34M	$-147.73M	$-144.00M	$-158.30M	$-775.82M	$-105.08M	$-90.40M	$-143.91M	$-103.53M	$-93.40M	$-92.33M	$-349.44M	$-83.20M	$-75.93M	$-81.41M	$-257.53M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.23%	-0.09%	-0.04%	-	0.05%	0.59%	1.28%	-	0.72%	4.17%	3.43%	-	2.93%	3.04%	1.99%	-

6 analysts predict NTNX's average Quarter EBITDA for May 24 to be $-145.11M, with a high of $-116.09M and a low of $-174.13M. This is -491.71% lower than Nutanix's previous annual EBITDA (Jan 24) of $37.05M.

Nutanix Net Income Forecast

	Jul 27	May 27	Jan 27	Oct 26	Jul 26	May 26	Jan 26	Oct 25	Jul 25	May 25	Jan 25	Oct 24	Jul 24	May 24	Jan 24	Oct 23	Jul 23	May 23	Jan 23	Oct 22	Jul 22	May 22	Jan 22	Oct 21	Jul 21	May 21	Jan 21	Oct 20	Jul 20	May 20
# Analysts	6	6	6	6	6	6	6	9	9	9	12	12	6	6	5	10	5	5	5	4	4	4	4	5	5	5	5	8	5	4
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$32.80M	$-15.85M	$-13.29M	-	$-70.79M	$-99.12M	$-150.99M	-	$-115.06M	$-419.85M	$-358.18M	-	$-287.39M	$-265.05M	$-185.35M	-
Avg Forecast	$143.77M	$137.58M	$162.37M	$116.51M	$123.52M	$99.09M	$135.82M	$104.40M	$95.54M	$78.46M	$108.23M	$78.52M	$50.00M	$41.53M	$73.09M	$43.88M	$39.59M	$9.01M	$-718.56M	$-29.81M	$-93.73M	$-53.58M	$-41.19M	$-84.29M	$-105.07M	$-353.25M	$-117.75M	$-142.02M	$-165.61M	$-245.94M
High Forecast	$150.38M	$143.90M	$169.83M	$121.86M	$129.20M	$103.65M	$142.06M	$109.19M	$99.93M	$82.07M	$127.91M	$88.65M	$50.22M	$41.59M	$73.11M	$51.62M	$41.41M	$9.43M	$-574.85M	$-29.07M	$-91.37M	$-52.23M	$-40.15M	$-82.16M	$-102.42M	$-282.60M	$-114.77M	$-138.44M	$-161.43M	$-196.75M
Low Forecast	$138.82M	$132.83M	$156.77M	$112.49M	$119.26M	$95.67M	$131.14M	$100.80M	$92.25M	$75.75M	$86.09M	$60.79M	$49.79M	$41.47M	$73.08M	$36.13M	$38.22M	$8.70M	$-862.28M	$-31.00M	$-97.44M	$-55.70M	$-42.81M	$-87.62M	$-109.23M	$-423.90M	$-122.40M	$-147.64M	$-172.15M	$-295.13M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.45%	-0.36%	-0.34%	-	0.10%	3.32%	1.61%	-	2.79%	4.98%	3.41%	-	2.44%	1.87%	1.12%	-

Nutanix's average Quarter net income forecast for May 24 is $41.53M, with a range of $41.47M to $41.59M. NTNX's average Quarter net income forecast represents a 26.64% increase compared to the company's last Quarter net income of $32.80M (Jan 24).

Nutanix SG&A Forecast

	Jul 27	May 27	Jan 27	Oct 26	Jul 26	May 26	Jan 26	Oct 25	Jul 25	May 25	Jan 25	Oct 24	Jul 24	May 24	Jan 24	Oct 23	Jul 23	May 23	Jan 23	Oct 22	Jul 22	May 22	Jan 22	Oct 21	Jul 21	May 21	Jan 21	Oct 20	Jul 20	May 20
# Analysts	6	6	6	6	6	6	6	9	9	9	12	12	6	6	5	10	5	5	5	4	4	4	4	5	5	5	5	8	5	4
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$286.23M	$282.83M	$278.90M	-	$313.90M	$282.18M	$295.06M	-	$285.92M	$290.06M	$313.43M	-	$296.11M	$291.06M	$296.92M	-
Avg Forecast	$606.65M	$591.09M	$611.30M	$554.38M	$563.80M	$527.69M	$556.07M	$507.38M	$485.47M	$451.14M	$475.34M	$428.79M	$402.69M	$386.95M	$413.44M	$375.93M	$356.40M	$324.68M	$348.71M	$309.62M	$266.45M	$298.38M	$305.13M	$275.29M	$272.12M	$250.79M	$245.22M	$223.79M	$239.95M	$234.92M
High Forecast	$628.09M	$611.98M	$632.91M	$573.97M	$583.73M	$546.35M	$575.73M	$525.32M	$502.64M	$467.09M	$487.90M	$436.05M	$402.69M	$386.95M	$413.44M	$378.58M	$369.00M	$336.15M	$361.04M	$319.13M	$274.55M	$307.45M	$314.40M	$283.66M	$280.39M	$258.42M	$252.68M	$230.59M	$247.24M	$242.06M
Low Forecast	$590.55M	$575.40M	$595.08M	$539.67M	$548.85M	$513.69M	$541.32M	$493.92M	$472.60M	$439.17M	$463.41M	$426.22M	$402.69M	$386.95M	$413.44M	$374.81M	$346.95M	$316.06M	$339.46M	$303.70M	$261.28M	$292.59M	$299.20M	$269.95M	$266.84M	$245.92M	$240.46M	$219.44M	$235.29M	$230.36M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.69%	0.75%	0.78%	-	0.90%	0.91%	1.11%	-	0.94%	1.05%	1.15%	-	1.21%	1.30%	1.24%	-

Nutanix's average Quarter SG&A projection for May 24 is $386.95M, based on 6 Wall Street analysts, with a range of $386.95M to $386.95M. The forecast indicates a 35.19% rise compared to NTNX last annual SG&A of $286.23M (Jan 24).

Nutanix EPS Forecast

	Jul 27	May 27	Jan 27	Oct 26	Jul 26	May 26	Jan 26	Oct 25	Jul 25	May 25	Jan 25	Oct 24	Jul 24	May 24	Jan 24	Oct 23	Jul 23	May 23	Jan 23	Oct 22	Jul 22	May 22	Jan 22	Oct 21	Jul 21	May 21	Jan 21	Oct 20	Jul 20	May 20
# Analysts	6	6	6	6	6	6	6	9	9	9	12	12	6	6	5	10	5	5	5	4	4	4	4	5	5	5	5	8	5	4
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$0.11	$-0.07	$-0.06	-	$-0.31	$-0.43	$-0.67	-	$-0.53	$-1.95	$-1.68	-	$-1.42	$-1.31	$-0.93	-
Avg Forecast	$0.58	$0.56	$0.66	$0.47	$0.50	$0.40	$0.55	$0.42	$0.39	$0.32	$0.44	$0.32	$0.20	$0.17	$0.29	$0.18	$0.16	$0.04	$0.11	$-0.12	$-0.38	$-0.22	$-0.17	$-0.34	$-0.42	$-0.49	$-0.47	$-0.57	$-0.67	$-0.86
High Forecast	$0.61	$0.58	$0.69	$0.49	$0.52	$0.42	$0.57	$0.44	$0.40	$0.33	$0.52	$0.36	$0.20	$0.17	$0.29	$0.21	$0.17	$0.04	$0.12	$-0.12	$-0.37	$-0.21	$-0.16	$-0.33	$-0.41	$-0.47	$-0.46	$-0.56	$-0.65	$-0.84
Low Forecast	$0.56	$0.54	$0.63	$0.45	$0.48	$0.39	$0.53	$0.41	$0.37	$0.31	$0.35	$0.25	$0.20	$0.17	$0.29	$0.15	$0.15	$0.04	$0.11	$-0.13	$-0.39	$-0.22	$-0.17	$-0.35	$-0.44	$-0.51	$-0.49	$-0.60	$-0.69	$-0.90
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.37%	-0.37%	-0.35%	-	-2.73%	3.58%	1.77%	-	3.19%	5.73%	3.96%	-	2.99%	2.29%	1.39%	-

According to 6 Wall Street analysts, Nutanix's projected average Quarter EPS for May 24 is $0.17, with a low estimate of $0.17 and a high estimate of $0.17. This represents a 52.31% increase compared to NTNX previous annual EPS of $0.11 (Jan 24).

Nutanix Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
PAGS	PagSeguro Digital	$7.56	$16.81	122.35%	Buy
DAVA	Endava	$26.15	$56.30	115.30%	Buy
PATH	UiPath	$12.76	$25.43	99.29%	Hold
OKTA	Okta	$74.51	$116.97	56.99%	Hold
ADBE	Adobe	$499.61	$592.03	18.50%	Buy
ZS	Zscaler	$204.36	$233.41	14.22%	Buy
VMW	VMware	$142.48	$149.13	4.67%	Hold
NEWR	New Relic	$86.99	$86.38	-0.70%	Buy
NET	Cloudflare	$96.37	$95.45	-0.95%	Hold
NTNX	Nutanix	$68.44	$63.23	-7.61%	Buy
CRWD	CrowdStrike	$353.29	$321.14	-9.10%	Buy
PANW	Palo Alto Networks	$388.06	$323.26	-16.70%	Buy
PLTR	Palantir	$62.98	$24.34	-61.35%	Hold

NTNX Forecast FAQ

Is Nutanix a good buy?

Yes, according to 13 Wall Street analysts, Nutanix (NTNX) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 11 'Buy' recommendations, accounting for 84.62% of NTNX's total ratings.

What is NTNX's price target?

Nutanix (NTNX) average price target is $63.23 with a range of $32 to $85, implying a -7.61% from its last price of $68.44. The data is based on 13 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Nutanix stock go up soon?

According to Wall Street analysts' prediction for NTNX stock, the company can go down by -7.61% (from the last price of $68.44 to the average price target of $63.23), up by 24.20% based on the highest stock price target, and down by -53.24% based on the lowest stock price target.

Can Nutanix stock reach $100?

NTNX's average twelve months analyst stock price target of $63.23 does not support the claim that Nutanix can reach $100 in the near future.

What is Nutanix's current price target trend?

1 Wall Street analyst forecast a $72 price target for Nutanix (NTNX) this month, up 5.20% from its last price of $68.44. Compared to the last 3 and 12 months, the average price target increased by 10.68% and increased by 10.26%, respectively.

What are Nutanix's analysts' financial forecasts?

Nutanix's analysts financial forecasts for the fiscal year (Jul 2026) are as follows: average revenue is $2.87B (high $2.97B, low $2.8B), average EBITDA is $-841M (high $-819M, low $-871M), average net income is $462.84M (high $484.1M, low $446.87M), average SG&A $2.15B (high $2.23B, low $2.1B), and average EPS is $1.87 (high $1.95, low $1.8). NTNX's analysts financial forecasts for the fiscal year (Jul 2027) are as follows: average revenue is $3.15B (high $3.26B, low $3.07B), average EBITDA is $-922M (high $-898M, low $-955M), average net income is $560.22M (high $585.97M, low $540.9M), average SG&A $2.36B (high $2.45B, low $2.3B), and average EPS is $2.26 (high $2.36, low $2.18).

Did the NTNX's actual financial results beat the analysts' financial forecasts?

Based on Nutanix's last annual report (Jul 2023), the company's revenue was $1.86B, beating the average analysts forecast of $1.79B by 4.31%. Apple's EBITDA was $-131M, missing the average prediction of $-1.019B by -87.17%. The company's net income was $-255M, missing the average estimation of $-700M by -63.62%. Apple's SG&A was $1.16B, missing the average forecast of $1.34B by -13.63%. Lastly, the company's EPS was $-1.09, missing the average prediction of $0.189 by -675.63%. In terms of the last quarterly report (Jan 2024), Nutanix's revenue was $565.23M, beating the average analysts' forecast of $551.28M by 2.53%. The company's EBITDA was $37.04M, missing the average prediction of $-161M by -122.96%. Nutanix's net income was $32.8M, missing the average estimation of $73.09M by -55.13%. The company's SG&A was $286.23M, missing the average forecast of $413.44M by -30.77%. Lastly, the company's EPS was $0.11, missing the average prediction of $0.295 by -62.70%