- Nutanix (NTNX, Financial) exceeded Q3 earnings expectations but shares dropped 5.5% in extended trading.
- Wall Street analysts give an average price target of $89.19, implying a 13.08% upside.
- GuruFocus estimates suggest a potential downside, indicating that the stock may be overvalued.
Nutanix (NTNX) shares experienced a 5.5% decline in after-hours trading, even as the company surpassed its Q3 earnings expectations. Reporting earnings of $0.42 per share and revenue reaching $639 million, Nutanix demonstrated strong performance. However, its optimistic Q4 revenue forecast, projecting between $635 million and $645 million, did not seem to satisfy investors.
Wall Street Analysts Forecast
According to the analysis from 14 Wall Street experts, Nutanix Inc (NTNX, Financial) carries an average price target of $89.19. This range includes a high estimate of $100.00 and a low of $73.11. With the current share price at $78.87, the average target suggests a potential upside of 13.08%. To delve deeper into these estimates, you can visit the Nutanix Inc (NTNX) Forecast page.
In terms of brokerage firm consensus, Nutanix Inc (NTNX, Financial) holds an average recommendation score of 1.9 from 18 firms, indicating an "Outperform" status. The recommendation scale ranges from 1 to 5, where 1 signifies a Strong Buy and 5 indicates a Sell.
GuruFocus provides an estimated GF Value for Nutanix Inc (NTNX, Financial) at $42.48 within a year. This suggests a 46.14% potential downside from its current price of $78.87. The GF Value represents an estimation of the fair trading value based on historical trading multiples, business growth, and projected future performance. For more comprehensive information, explore the Nutanix Inc (NTNX) Summary page.
