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Nutanix Inc has a consensus price target of $71.93 based on the ratings of 17 analysts. The high is $85 issued by Raymond James on August 29, 2024. The low is $42 issued by Wells Fargo on November 30, 2023. The 3 most-recent analyst ratings were released by Oppenheimer, Morgan Stanley, and Northland Capital Markets on November 13, 2024, October 28, 2024, and August 30, 2024, respectively. With an average price target of $75.33 between Oppenheimer, Morgan Stanley, and Northland Capital Markets, there's an implied 7.65% upside for Nutanix Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Nutanix (NASDAQ:NTNX) was reported by Oppenheimer on November 13, 2024. The analyst firm set a price target for $80.00 expecting NTNX to rise to within 12 months (a possible 14.32% upside). 44 analyst firms have reported ratings in the last year.
The latest analyst rating for Nutanix (NASDAQ:NTNX) was provided by Oppenheimer, and Nutanix initiated their outperform rating.
The last upgrade for Nutanix Inc happened on October 28, 2024 when Morgan Stanley raised their price target to $72. Morgan Stanley previously had an equal-weight for Nutanix Inc.
The last downgrade for Nutanix Inc happened on May 18, 2023 when OTR Global changed their price target from N/A to N/A for Nutanix Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Nutanix, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Nutanix was filed on November 13, 2024 so you should expect the next rating to be made available sometime around November 13, 2025.
While ratings are subjective and will change, the latest Nutanix (NTNX) rating was a initiated with a price target of $0.00 to $80.00. The current price Nutanix (NTNX) is trading at is $69.98, which is within the analyst’s predicted range.
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