Nutanix, Inc. (NTNX)
NASDAQ: NTNX · IEX Real-Time Price · USD
54.99
-1.71 (-3.02%)
Jul 12, 2024, 2:26 PM EDT - Market open

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 23.00% from the current stock price of 54.99.

Analyst Consensus: Buy
Target Low Average Median High
Price $42 $67.64 $75 $80
Change -23.62% +23.00% +36.39% +45.48%

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 Feb '24Mar '24Apr '24May '24Jun '24Jul '24
Strong Buy 222222
Buy 101010111111
Hold 222222
Sell 000000
Strong Sell 000000
Total 141414151515

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Morgan Stanley
Morgan Stanley
Hold
Maintains
$72$62
Hold Maintains $72$62 +12.75% Jun 21, 2024
Barclays
Barclays
Buy
Maintains
$81$80
Buy Maintains $81$80 +45.48% May 30, 2024
Raymond James
Raymond James
Buy
Maintains
$72$76
Buy Maintains $72$76 +38.21% May 30, 2024
Needham
Needham
Strong Buy
Maintains
$72$80
Strong Buy Maintains $72$80 +45.48% May 30, 2024
Keybanc
Keybanc
Buy
Maintains
$69$79
Buy Maintains $69$79 +43.66% May 30, 2024
More Analyst Ratings

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%
Year 20192020202120222023202420252026202720282029
Revenue
1.24B1.31B1.39B1.58B1.86B2.18B2.53B2.95B3.46B4.41B5.29B
Revenue Growth
6.98%5.79%6.63%13.37%17.85%17.08%16.14%16.42%17.36%27.42%20.02%
EPS
-3.43-4.48-5.02-3.62-1.091.251.421.842.41--
EPS Growth
------13.58%29.39%30.90%--
Forward PE
-----43.8538.6129.8422.80--
No. Analysts -----191917633
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252026202720282029
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 202420252026202720282029
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 2024202520262027
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 2024202520262027
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.