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Nutanix Inc has a consensus price target of $71.29 based on the ratings of 16 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 Northland Capital Markets, RBC Capital, and Piper Sandler on August 30, 2024, August 29, 2024, and August 29, 2024, respectively. With an average price target of $75.33 between Northland Capital Markets, RBC Capital, and Piper Sandler, there's an implied 23.08% 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 Northland Capital Markets on August 30, 2024. The analyst firm set a price target for $74.00 expecting NTNX to rise to within 12 months (a possible 20.91% upside). 48 analyst firms have reported ratings in the last year.
The latest analyst rating for Nutanix (NASDAQ:NTNX) was provided by Northland Capital Markets, and Nutanix maintained their market perform rating.
The last upgrade for Nutanix Inc happened on January 17, 2024 when William Blair raised their price target to N/A. William Blair previously had a market perform 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 August 30, 2024 so you should expect the next rating to be made available sometime around August 30, 2025.
While ratings are subjective and will change, the latest Nutanix (NTNX) rating was a maintained with a price target of $71.00 to $74.00. The current price Nutanix (NTNX) is trading at is $61.21, which is out of the analyst’s predicted range.
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