On May 23, 2024, George Wang of Barclays raised the price target for Nutanix (NASDAQ:NTNX) to $81, indicating a potential upside of approximately 13.37% from it

Nutanix Price Target Raised by Barclays


blog post cover photo

Image credit: Google Images

  • Barclays analyst George Wang increased the price target for Nutanix to $81, suggesting a potential upside of 13.37%.
  • Anticipated earnings report for Q2 2024 shows expected earnings of $0.17 per share, a 325% increase year over year, and revenue growth of 15.1% to $516.13 million.
  • Stability in the consensus estimate for Nutanix's EPS over the last 30 days indicates strong analyst consensus and potential investor confidence.

On May 23, 2024, George Wang of Barclays raised the price target for Nutanix (NASDAQ:NTNX) to $81, indicating a potential upside of approximately 13.37% from its price at the time of the announcement, which was $71.45. This adjustment reflects a positive outlook on the company's future performance, as highlighted by TheFly. Nutanix, a leader in cloud computing solutions, has been closely watched by investors and analysts for its innovative approach to hybrid and multi-cloud environments, positioning it as a strong competitor in the cloud computing industry.

The anticipation around Nutanix's quarterly earnings report for the quarter ended April 2024 is high, with significant interest from the investment community. According to Zacks Equity Research, Nutanix is expected to report earnings of $0.17 per share, marking a substantial increase of 325% compared to the same period last year. This expected growth in earnings per share is a key indicator of the company's improving financial health and operational efficiency. Furthermore, Nutanix's revenues are forecast to reach $516.13 million, indicating a growth of 15.1% year over year. This revenue growth is a testament to the company's ability to expand its customer base and increase sales, despite the competitive nature of the cloud computing market.

The stability in the consensus estimate for Nutanix's earnings per share (EPS) over the last 30 days is particularly noteworthy. This stability suggests a consensus among analysts regarding their projections for the company's performance, which can significantly influence investor behavior. The link between trends in earnings estimate revisions and stock performance is well-documented, underscoring the importance of these projections in assessing Nutanix's financial health. Such consensus among analysts often leads to increased investor confidence in the stock, potentially contributing to its price movement in the short term.

Nutanix Inc. (NTNX) is currently trading at $71.45, with a slight decrease of $0.41 or -0.57%. The stock has experienced fluctuations between a low of $70.85 and a high of $73.21 throughout the trading day. Over the past year, NTNX has seen a low of $26.47 and reached a high of $73.69, demonstrating the stock's volatility and the market's changing perception of its value. With a market capitalization of approximately $17.46 billion and a trading volume of 1,539,138 shares on the NASDAQ exchange, Nutanix remains a significant player in the cloud computing industry. The company's financial performance and the analysts' positive projections suggest a promising future, potentially leading to further stock price appreciation.

Other Blogs

Nov 25, 2023 6:39 AM - Parth Sanghvi

DCF Valuation vs. Comparable Companies Analysis: Choosing the Right Valuation Method

Choosing the Right Valuation Method: DCF vs. Comparable Companies Analysis Introduction: Valuation methods play a pivotal role in determining the fair value of a company, aiding investors in making informed investment decisions. Two commonly used methods, DCF Valuation and Comparable Companies A...

blog post title

Dec 23, 2023 2:19 AM - Parth Sanghvi

Understanding the Limitations of DCF Analysis: A Guide to Overcoming Challenges

Introduction: Discounted Cash Flow (DCF) analysis stands as a cornerstone in valuing investments, yet its efficacy is contingent upon various assumptions and methodologies. While a powerful tool, DCF analysis comes with inherent limitations and challenges that investors must acknowledge to make i...

blog post title

Dec 25, 2023 2:28 AM - Parth Sanghvi

Integrating Sustainability into Valuations: Navigating ESG Factors within the Discounted Cash Flow (DCF) Model

Introduction: The investment landscape is undergoing a profound shift with a heightened emphasis on sustainability and responsible investing. In this blog post, we explore the intersection of Environmental, Social, and Governance (ESG) considerations within the Discounted Cash Flow (DCF) model, h...

blog post title


Financial Modeling Prep API provides real time stock price, company financial statements, major index prices, stock historical data, forex real time rate and cryptocurrencies. Financial Modeling Prep stock price API is in real time, the company reports can be found in quarter or annual format, and goes back 30 years in history.
2017-2024 © Financial Modeling Prep