Analyst Celebrate Nutanix's Q4 Beat, See Up To 73% Upside - Nutanix (NASDAQ:NTNX)

Nutanix Inc's NTNX Q4 revenue of $390.7 million increased 19% year-on-year and beat the analyst consensus of $362.9 million.
The native hybrid cloud provider's adjusted EPS loss of $(0.26) beat the consensus loss of $(0.42).
Needham analyst Jack Andrews maintained a Buy and raised the price target from $61 to $64, implying a 73.2% upside.
Piper Sandler analyst James Fish raised the PT to $47 from $45, signifying a 27.2% upside, and reiterated an Overweight.
Fish expects the shares to trade up following Q4 results that "materially exceeded expectations against compares that were not the easiest."
Northland analyst Nehal Chokshi raised the PT to $58 from $52, indicating a 57% upside, and affirmed an Outperform.
After the company's quarterly report, its ACV billings midpoint was guided to sustain 25% plus year-over-year growth, Chokshi noted.
Price Action: NTNX shares traded higher by 9.08% at $40.30 on the last check Thursday.