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

Nutanix (NASDAQ:NTNX) had its price target raised by analysts at Needham & Company LLC from $55.00 to $60.00 in a research note issued on Thursday,Benzinga reports. The firm currently 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 stock’s previous close.

NTNX has been the topic of several other research reports. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $44.00 price target on shares of Nutanix in a research note on Friday, April 10th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $60.00 target price on shares of Nutanix in a research report on Friday, May 22nd. William Blair reaffirmed a “market perform” rating on shares of Nutanix in a research report on Monday, March 23rd. Wall Street Zen downgraded Nutanix from a “buy” rating to a “hold” rating in a research report on Tuesday, March 10th. Finally, Morgan Stanley lifted their target price on Nutanix from $53.00 to $55.00 and gave the company an “equal weight” rating in a research report on Thursday. Eleven equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, Nutanix presently has an average rating of “Moderate Buy” and an average target price of $61.13.

Nutanix Price Performance

NTNX opened at $46.57 on Thursday. The business’s 50-day moving average price is $41.65 and its two-hundred day moving average price is $45.59. Nutanix has a 1 year low of $34.01 and a 1 year high of $82.42. The company has a market capitalization of $12.35 billion, a price-to-earnings ratio of 50.62, a P/E/G ratio of 5.20 and a beta of 0.54.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings results on Wednesday, May 27th. The technology company reported $0.47 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $703.07 million for the quarter, compared to the consensus estimate of $686.34 million. During the same quarter last year, the business posted $0.22 EPS. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. Sell-side analysts anticipate that Nutanix will post 0.56 earnings per share for the current fiscal year.

Institutional Trading of Nutanix

Hedge funds and other institutional investors have recently modified their holdings of the stock. Western Wealth Management LLC bought a new position in Nutanix during the first quarter worth about $27,000. New Millennium Group LLC bought a new position in Nutanix during the fourth quarter worth about $28,000. V Square Quantitative Management LLC bought a new position in Nutanix during the fourth quarter worth about $39,000. Covestor Ltd grew its holdings in Nutanix by 73.1% during the fourth quarter. Covestor Ltd now owns 767 shares of the technology company’s stock worth $40,000 after purchasing an additional 324 shares during the period. Finally, Harbour Investments Inc. grew its holdings in Nutanix by 159.4% during the fourth quarter. Harbour Investments Inc. now owns 817 shares of the technology company’s stock worth $42,000 after purchasing an additional 502 shares during the period. Institutional investors and hedge funds own 85.25% of the company’s stock.

Trending Headlines about 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.