NTNX Price Prediction Next Week
Technical Analysis: NTNX is currently showing a bullish trend with RSI(14) at 59.04, indicating moderate momentum. The stock is trading above all major moving averages (SMA 5,10,20,60,200), suggesting strong upward momentum.
Price Levels and Fibonacci Analysis:
- Current Price: $70.50
- Key Resistance: $71.97 (Fibonacci R1)
- Key Support: $67.79 (Fibonacci S1)
- Secondary Support: $66.49 (Fibonacci S2)
News Impact:
- CEO Rajiv Ramaswami sold 95.9K shares worth $6.7M on February 4th, which could create some short-term selling pressure
- Analysts have mixed views with Raymond James lowering target to $76 while Morgan Stanley raised it to $85
- Upcoming earnings report scheduled for February 26, 2025
- Company has shown strong performance, outperforming S&P 500 with 10.98% gain over the past month
Price Prediction for Next Week: Based on technical indicators and news sentiment:
- Bullish Case (60% probability): Price likely to test Fibonacci R1 at $71.97
- Bearish Case (40% probability): May pull back to first support at $67.79
Trading Recommendation: BUY Entry Price: Current market price ($70.50) Target Price: $71.97 (Fibonacci R1) Stop Loss: $67.79 (Fibonacci S1)
Rationale:
- Strong technical setup with price above all major moving averages
- Positive momentum indicated by MACD (1.62)
- Upcoming earnings could act as catalyst
- Despite insider selling, institutional sentiment remains positive with Morgan Stanley's increased price target
NTNX Similar Chart Price Prediction
The price of NTNX is predicted to go up -13.31%, based on the high correlation periods with JACK. The similarity of these two price pattern on the periods is 97.69%.
NTNX
JACK
Down: -13.31%Similarity: 97.69%
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NTNX Analyst's Forecast
Meta Marshall
Morgan Stanley
Buy
2024-12-17
Price Target
$78 → $85
Upside
+28.52%
Morgan Stanley raised the firm's price target on Nutanix (NTNX) to $85 from $78 and keeps an Overweight rating on the shares. After a 2024 where enterprise names were largely working through inventory digestion or more muted spend environments, the group enters 2025 with healthier budgets, inventory positions and valuations, says the analyst, who thinks that enterprise names like Nutanix, the analyst's new "Top Pick" among the group, as well as Cisco (CSCO) and HP Enterprise (HPE), present "opportunities for outsized growth."
Jeff Hickey
UBS
Strong Buy
2024-12-12
Price Target
$81
Upside
+17.8%
Aaron Rakers
Wells Fargo
Hold
2024-11-27
Price Target
$60 → $75
Upside
+12.44%
