Nutanix Analysts Boost Their Forecasts Following Upbeat Q3 Results

Benzinga05-28 20:40

Nutanix (NASDAQ:NTNX) reported upbeat earnings for the third quarter on Wednesday.

The company posted quarterly earnings of 47 cents per share which beat the analyst consensus estimate of 36 cents per share. The company reported quarterly sales of $703.066 million which beat the analyst consensus estimate of $686.372 million.

Nutanix raised its FY2026 sales guidance from $2.800 billion-$2.840 billion to $2.820 billion-$2.840 billion.

“We saw solid demand in the third quarter, including strong bookings, healthy new logo additions, and good free cash flow performance,” said Rajiv Ramaswami, CEO of Nutanix. “We also announced significant new innovations and partnerships in the areas of AI, modern applications and support for external storage, which will help us pursue the substantial market opportunity in front of us.”

Nutanix shares gained 0.6% to $46.85 in pre-market trading.

These analysts made changes to their price targets on Nutanix following earnings announcement.

  • Morgan Stanley analyst Meta Marshall maintained the stock with an Equal-Weight rating and raised the price target from $53 to $55.
  • Needham analyst Mike Cikos maintained the stock with a Buy and raised the price target from $55 to $60.

Considering buying CL stock? Here’s what analysts think:

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