Nutanix, Inc. (NTNX)
NASDAQ: NTNX · IEX Real-Time Price · USD
59.79
+0.38 (0.64%)
Jul 2, 2024, 4:00 PM EDT - Market closed
Nutanix Stock Forecast
Stock Price Forecast
The 14 analysts with 12-month price forecasts for Nutanix stock have an average target of 67.64, with a low estimate of 42 and a high estimate of 80. The average target predicts an increase of 13.13% from the current stock price of 59.79.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Nutanix stock from 15 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 9 | 10 | 10 | 10 | 11 | 11 |
| Hold | 2 | 2 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 13 | 14 | 14 | 14 | 15 | 15 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Hold Maintains $72 → $62 | Hold | Maintains | $72 → $62 | +3.70% | Jun 21, 2024 |
| Barclays | Barclays | Buy Maintains $81 → $80 | Buy | Maintains | $81 → $80 | +33.80% | May 30, 2024 |
| Raymond James | Raymond James | Buy Maintains $72 → $76 | Buy | Maintains | $72 → $76 | +27.11% | May 30, 2024 |
| Needham | Needham | Strong Buy Maintains $72 → $80 | Strong Buy | Maintains | $72 → $80 | +33.80% | May 30, 2024 |
| Keybanc | Keybanc | Buy Maintains $69 → $79 | Buy | Maintains | $69 → $79 | +32.13% | May 30, 2024 |
Financial Forecast
Revenue This Year
2.18B
from 1.86B
Increased by 17.08%
Revenue Next Year
2.53B
from 2.18B
Increased by 16.14%
EPS This Year
1.25
from -1.09
EPS Next Year
1.42
from 1.25
Increased by 13.58%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 2.3B | 2.8B | 3.2B | 3.7B | 4.5B | 5.4B |
| Avg | 2.2B | 2.5B | 2.9B | 3.5B | 4.4B | 5.3B |
| Low | 2.1B | 2.3B | 2.7B | 3.1B | 4.2B | 5.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 21.0% | 26.3% | 26.8% | 25.6% | 31.2% | 23.5% |
| Avg | 17.1% | 16.1% | 16.4% | 17.4% | 27.4% | 20.0% |
| Low | 12.4% | 7.5% | 5.6% | 5.3% | 22.5% | 15.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 1.34 | 1.82 | 2.21 | 2.87 |
| Avg | 1.25 | 1.42 | 1.84 | 2.41 |
| Low | 1.17 | 1.02 | 1.28 | 2.08 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | - | 45.0% | 54.8% | 55.6% |
| Avg | - | 13.6% | 29.4% | 30.9% |
| Low | - | -18.7% | -9.9% | 12.7% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.