Nutanix Analysts Increase Their Forecasts After Better-Than-Expected Q4 Results

Benzinga Earnings
Aug 27

Nutanix Inc (NASDAQ:NTNX) on Wednesday reported better-than-expected results for the fourth quarter of fiscal 2026.

The company’s revenue came in at $757.08 million, versus estimates of $738.08 million. Adjusted earnings came in at 60 cents, versus estimates of 49 cents per share.

"Our fourth quarter was a strong finish to fiscal 2026, a year in which we delivered solid top and bottom line performance and added over 3,000 new customers," said Rajiv Ramaswami, CEO of Nutanix.

Nutanix guided for fiscal first-quarter revenue of $755 million to $765 million versus estimates of $754.72 million. The company further guided for fiscal 2027 revenue of $3.18 billion to $3.23 billion versus estimates of $3.19 billion.

Nutanix shares jumped 6.1% to $69.40 in pre-market trading.

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

  • Needham analyst Mike Cikos maintained the stock with a Buy and raised the price target from $60 to $85.
  • Keybanc analyst Brandon Nispel maintained the stock with an Overweight rating and raised the price target from $75 to $79.
  • Morgan Stanley analyst Meta Marshall maintained the stock with an Equal-Weight rating and raised the price target from $55 to $63.

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

Photo via Shutterstock

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