Mike Cikos, an analyst from Needham, maintained the Buy rating on Nutanix. The associated price target was lowered to $80.00.
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Mike Cikos has given his Buy rating due to a combination of factors that highlight Nutanix’s strong execution and promising future prospects. Despite facing challenges with the timing of deal starts, Nutanix has demonstrated robust performance in the fourth quarter of fiscal year 2025, closing the year on a high note. The company is successfully securing larger and more strategic deals, which is a testament to its solid business fundamentals.
Nutanix is also expanding its partnerships, such as with Dell PowerFlex and Pure Storage, which are expected to enhance its market position. Additionally, the company is effectively capturing market share from competitors like Broadcom/VMware. The initial outlook for fiscal year 2026 suggests potential outperformance in revenue, margins, and free cash flow, reinforcing the Buy rating despite a lowered price target.
According to TipRanks, Cikos is a 4-star analyst with an average return of 10.7% and a 51.92% success rate. Cikos covers the Technology sector, focusing on stocks such as Pure Storage, Cellebrite DI, and Datadog.
In another report released today, Barclays also maintained a Buy rating on the stock with a $82.00 price target.