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Publication Date: 2026-02-26 12:54:00
Investing.com – Piper Sandler lowered its price target on to $63 from $72 while maintaining an Overweight rating. The firm cited a $20 million cut to the company’s fiscal 2026 revenue guidance.
Analyst James Fish noted the company delivered a 2% earnings beat. Nutanix reported its highest net-new customer additions in more than eight years. The company’s operational strength is reflected in its impressive gross profit margin of 87%, according to InvestingPro data.
The company’s total contract value bookings grew in the mid-teens percentage range and outpaced revenue growth. Nutanix announced a new partnership with AMD during the period.
Fish attributed the revenue guide reduction to macro-factors rather than execution issues. Higher memory and CPU costs are causing some deal timing shifts, with certain contracts showing future start dates.
Piper Sandler identified Nutanix’s investor day on April 7 at .NEXT as the next catalyst for shares. The firm noted the business is growing bookings in the mid-teens percentage range and trading below 15 times free cash flow. InvestingPro analysis indicates the stock is currently undervalued, with shares trading at $38.44 against a Fair Value estimate of $45.12. The platform lists Nutanix among its most undervalued stocks, offering 12 additional ProTips for investors seeking deeper insights through its comprehensive Pro Research Report.
In other recent news, Nutanix Inc. reported strong financial results for the second quarter…
