Strong Financial Performance: Nutanix reported a 19% revenue increase to $653.3 million in Q4 FY2025, surpassing both its guidance and analyst estimates, with non-GAAP operating margin expanding to 18.3%.
Growth in Subscription Revenue: The company's annual recurring revenue (ARR) rose 17% to $2.22 billion, driven primarily by subscription sales, which accounted for approximately 94.4% of total revenue.
Product Innovation and Partnerships: Nutanix launched new products including the Nutanix Kubernetes Platform and expanded partnerships with major tech providers like AWS and NVIDIA, aiming to diversify its offerings beyond traditional hardware.
Future Guidance and Strategic Focus: Management anticipates continued growth with projected Q1 FY2026 revenue between $670 million and $680 million, while also indicating potential changes in ARR calculation methods that could affect future comparability.
NTNX
$49.14+Infinity%1D
Analyst Views on NTNX
Wall Street analysts forecast NTNX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NTNX is 71.17 USD with a low forecast of 53.00 USD and a high forecast of 90.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
Wall Street analysts forecast NTNX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NTNX is 71.17 USD with a low forecast of 53.00 USD and a high forecast of 90.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Buy
2 Hold
0 Sell
Strong Buy
Current: 47.580
Low
53.00
Averages
71.17
High
90.00
Current: 47.580
Low
53.00
Averages
71.17
High
90.00
Goldman Sachs
Buy
downgrade
$95 -> $75
2025-11-28
Reason
Goldman Sachs
Price Target
$95 -> $75
2025-11-28
downgrade
Buy
Reason
Goldman Sachs lowered the firm's price target on Nutanix to $75 from $95 and keeps a Buy rating on the shares. The firm says the company's "noisy" fiscal Q1 report is more about deal timing than underlying demand. While the stock will likely remain range-bound in the near-term, with expectations now reset, Nutanix presents an attractive risk/reward, the analyst tells investors in a research note.
Morgan Stanley
Meta Marshall
Overweight
downgrade
$90 -> $82
2025-11-26
Reason
Morgan Stanley
Meta Marshall
Price Target
$90 -> $82
2025-11-26
downgrade
Overweight
Reason
Morgan Stanley analyst Meta Marshall lowered the firm's price target on Nutanix to $82 from $90 and keeps an Overweight rating on the shares. A Q1 revenue miss and lowered FY26 top-line outlook are "messy," but largely reflect revenue recognition timing, the analyst tells investors. With NNARR growth accelerating, the firm's thesis remains intact, but the firm lowers its price target on lower revenue visibility, the analyst added.
JPMorgan
Overweight -> NULL
downgrade
$78 -> $65
2025-11-26
Reason
JPMorgan
Price Target
$78 -> $65
2025-11-26
downgrade
Overweight -> NULL
Reason
JPMorgan lowered the firm's price target on Nutanix to $65 from $78 and keeps an Overweight rating on the shares following the fiscal Q1 report. The firm says increased mix of delayed deployment bookings brought a reduced revenue outlook. However, Nutanix's bookings remain "robust," the analyst tells investors in a research note.
Needham
Buy
downgrade
$80 -> $65
2025-11-26
Reason
Needham
Price Target
$80 -> $65
2025-11-26
downgrade
Buy
Reason
Needham lowered the firm's price target on Nutanix to $65 from $80 and keeps a Buy rating on the shares after its in-line Q1 results and guidance cut. Late in the quarter, the company saw a greater mix of orders with future start-dates, which does not impact free cash flow but detracts from in-quarter revenue, the analyst tells investors in a research note. If business with future start-dates aligned with assumptions, Nutanix would have outperformed the high-end of revenue, the firm added.
About NTNX
Nutanix, Inc. is engaged in cloud software, offering organizations a single platform for running apps and data across clouds. The Company’s Nutanix Cloud Platform is designed to enable organizations to build a hybrid multicloud infrastructure, providing a consistent cloud operating model with a single platform for running applications and managing data in core data centers, at the edge, and on public clouds, all while supporting a variety of hypervisors and container platforms. Nutanix Cloud Platform supports a variety of workloads with varied compute, storage, and network requirements, including business-critical applications, data platforms, general-purpose workloads, end user computing and virtual desktop infrastructure services, enterprise artificial intelligence (AI) workloads, and cloud native applications. Its solutions are primarily sold through its channel partners or original equipment manufacturers (OEMs) and delivered directly to its end customers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
