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Publication Date: 2026-08-25 11:47:00
Investing.com – Rosenblatt raised its price target on Nutanix Inc. () to $75 from $60 on Monday while maintaining a Buy rating on the stock. The shares currently trade at $66.68, up 73% over the past six months and 29% year-to-date.
The firm expects the company to report largely in-line fourth-quarter fiscal 2026 results when it announces earnings on August 26. Rosenblatt projects product revenue of $374 million, up 10% year-over-year, driven by Nutanix Cloud Infrastructure software, with non-GAAP operating margins of 22%.
In the third quarter, Nutanix reported strong bookings and outperformed versus guided metrics, reflecting strong demand for Nutanix solutions. The company added more than 700 new logos and reported a net retention rate of 106%. The company maintains an impressive gross profit margin of 87% and carries a “GREAT” financial health score according to InvestingPro, though the platform’s Fair Value analysis suggests the stock may be overvalued at current levels. For deeper insights, investors can access NTNX’s comprehensive Pro Research Report, available for this and 1,400+ other US equities.
Rosenblatt kept its estimates unchanged for fiscal years 2027 and 2028. The firm cited the passage of time and comparable multiple expansion since its last update as reasons for raising the price target.
The fourth-quarter fiscal 2026 results cover the period ending July 31, 2026.
In other recent news, Nutanix has seen several adjustments to its stock price targets…