
Nutanix (NTNX) Stock Forecast & Price Target
Nutanix (NTNX) Analyst Ratings
Bulls say
Nutanix Inc. has demonstrated robust financial performance, with a revenue increase of 10% year-over-year to $723 million, surpassing estimates and bolstered by strong term-license growth. The company's Annual Recurring Revenue (ARR) reached $2.28 billion, reflecting an 18% year-over-year growth, while bookings expectations for the year indicate an anticipated acceleration in growth outpacing revenue. Furthermore, efforts in building a strong base of renewals, combined with disciplined cost management, are enhancing profitability and Free Cash Flow targets, positioning Nutanix favorably in the evolving cloud software market.
Bears say
Nutanix Inc has experienced a significant downturn, with shares declining approximately 15% after the company missed earnings expectations for the first time in over five years. The firm's revenue for the latest quarter was reported at $670.6 million, which is at the low end of expectations and reflects a year-over-year growth rate of only 13.5%, signaling potential long-term growth challenges within the market. Additionally, unfavorable conditions such as higher memory and CPU costs, along with delays in deal start dates, contribute to an increased level of uncertainty regarding future performance and necessitate a downward adjustment to the fiscal outlook.
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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