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Needham analysts raised their price target for the stock to $90, which is about 28 percent higher than where it trades today. This is notably higher than the average analyst target of $76. The firm kept its buy rating on the company. While a price target is just an analyst's estimate of where the stock will be in a year, this move suggests growing confidence in the company's ability to win over customers. The business is currently benefiting as many large organizations look for alternatives to VMware, a major competitor that recently changed its pricing and product bundles.
Source: Needham
Nutanix announced that Tarkan Maner is stepping down as President and Chief Commercial Officer effective October 2, 2026. He plans to focus on outside board and advisory work but may stay on as a senior advisor to the company to help with the transition.
Control over sales, marketing, and customer experience will move directly under CEO Rajiv Ramaswami. While losing a top commercial leader during a period of aggressive growth can be a distraction, the direct oversight by the CEO suggests a smooth handoff. This change does not alter the company's main goal of winning over customers who are looking for alternatives to VMware.
Source: 8-K filing
Piper Sandler raised its price target from $60 to $75 following the company's recent performance. The firm kept its overweight rating, which is a recommendation that the stock should make up a larger-than-average portion of a portfolio.
This move reflects growing confidence that Nutanix is successfully winning over large customers who are unhappy with price hikes at its main rival, VMware. Several other firms also nudged their targets higher this week, bringing the average analyst target to $76.
Source: Piper Sandler
Northland Securities raised its price target from $47 to $70 on Thursday. This follows a week where several other firms also lifted their targets, bringing the average analyst target to about $76.
Analysts are increasingly confident that Nutanix is successfully capturing large corporate clients who are looking for alternatives to VMware. This shift is a key part of the company's growth as it moves from a niche player to a primary provider for data center software.
Source: Northland Securities
Nutanix reported quarterly revenue of 760 million dollars, which was higher than the 740 million dollars analysts expected. The company earned 60 cents per share, also beating the 49-cent estimate. This performance was driven by a 16 percent rise in annual recurring revenue, a measure of the predictable sales the company expects to collect from its software subscriptions over the next year.
The business is successfully winning over large organizations looking for alternatives to VMware, its main rival. By adding 3,000 new customers this year and forming new partnerships with chipmakers like Nvidia and AMD, Nutanix is proving it can be the primary platform for companies building their own private cloud and AI systems. The company also generated strong cash flow, showing it can grow while remaining profitable.
See the full quarter, and how our tracked metrics did
Source: 8-K filing
Management has beaten expectations for eight straight quarters, usually by a wide margin. This pattern suggests the business is growing faster than even the leaders themselves are willing to forecast.
| Expectation | |
|---|---|
| EPS | $0.60 |
| Revenue | $762M |