Nutanix's Guidance Remains Achievable, RBC Capital Markets Says

MT Newswires Live
May 29

Nutanix's (NTNX) guidance remains achievable with potential for upside as growth drivers materialize over time, RBC Capital Markets said in a research report emailed Thursday.

The macroeconomic conditions remain challenged amid supply chain constraints, but the company highlighted that clients have got better at executing in this dynamic environment, analysts wrote.

The company's 2026 guidance has factored in supply chain roadblocks, which could keep weighing on revenue timing on a quarterly basis, the firm noted. Management expects hardware prices to remain elevated heading into 2027, according to the note.

The current geopolitical environment has created a more difficult setup for new logo additions, RBC stated.

The brokerage reiterated its outperform rating on the stock and boosted its price target to $58 per share from $55.

Price: 49.56, Change: +2.99, Percent Change: +6.42

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