Nutanix’s Strong Financial Performance and Strategic Positioning Justify Buy Rating with $92 Price Target

Needham analyst Mike Cikos has maintained their bullish stance on NTNX stock, giving a Buy rating today.

Mike Cikos has given his Buy rating due to a combination of factors, primarily driven by Nutanix’s strong financial performance and strategic positioning. The company exceeded its guidance for the third quarter of fiscal year 2025, particularly in terms of Operating Margin, which was significantly higher than anticipated. This outperformance led to an upward revision of the full-year Operating Margin outlook, highlighting Nutanix’s ability to manage costs and drive profitability.
Furthermore, Nutanix is benefiting from key demand drivers, such as the displacement of VMware and the successful launch of Dell PowerFlex. These factors are contributing to the acquisition of new customers and enhancing the company’s growth prospects. As a result, Mike Cikos believes that Nutanix is well-positioned to continue its strong execution, leading to increased Free Cash Flow estimates and justifying the Buy rating with a price target of $92.

In another report released today, Morgan Stanley also maintained a Buy rating on the stock with a $90.00 price target.

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NTNX in relation to earlier this year.