Nutanix (NTNX, Financial) has reported its third-quarter revenue at $638.98 million, exceeding market predictions of $626.75 million. The company's performance was bolstered by robust demand for the Nutanix Cloud Platform, as businesses sought reliable long-term partnerships.
The company's recent initiatives have focused on enhancing its offerings, including extending support for external storage, modern applications, and generative AI. These advancements are part of Nutanix's strategy to drive innovation and deepen its partner network, thereby increasing the value of its cloud solutions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 14 analysts, the average target price for Nutanix Inc (NTNX, Financial) is $89.19 with a high estimate of $100.00 and a low estimate of $73.11. The average target implies an upside of 12.93% from the current price of $78.98. More detailed estimate data can be found on the Nutanix Inc (NTNX) Forecast page.
Based on the consensus recommendation from 18 brokerage firms, Nutanix Inc's (NTNX, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Nutanix Inc (NTNX, Financial) in one year is $42.48, suggesting a downside of 46.21% from the current price of $78.98. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Nutanix Inc (NTNX) Summary page.
