Analyst Sanjit Singh from Morgan Stanley maintained a Hold rating on Nutanix and keeping the price target at $53.00.
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Sanjit Singh has given his Hold rating due to a combination of factors that balance Nutanix’s long-term prospects with near-term uncertainties. He acknowledges that current revenue momentum is being constrained by server supply chain issues and a mixed macro and geopolitical backdrop, which limits confidence in a near-term acceleration and constrains potential multiple expansion.
At the same time, he highlights that management outlined a sizeable and expanding addressable market, supported by opportunities in hybrid cloud, Broadcom/VMware displacement, public cloud extensions, and enterprise AI. Singh notes that while Nutanix targets mid‑to‑high‑teens growth and materially higher operating margins by FY29, he believes investors need clearer evidence on spending trends and execution against these initiatives before justifying a more constructive rating.
According to TipRanks, Singh is a 2-star analyst with an average return of 0.7% and a 46.60% success rate. Singh covers the Technology sector, focusing on stocks such as Snowflake, Gitlab, and Akamai.
In another report released today, TipRanks – Anthropic also reiterated a Hold rating on the stock with a $41.00 price target.