Goldman Sachs on Tuesday initiated coverage of Nutanix with a buy rating. Nutanix stock has climbed 20% in 2025.
Goldman Sachs analyst Matthew Martino set a price target of 95 for Nutanix stock. He called the company a "a key modernization play for enterprises navigating legacy infrastructure transitions."
Nutanix makes cloud-computing network management software.
On the stock market today, Nutanix stock rose more than 1% to 73.37 in morning action.
Nutanix earnings for the quarter ended April 31 were 42 cents a share on an adjusted basis, up 50% from a year earlier, versus consensus estimates for a 38-cent profit. Revenue rose 22% to $639 million, topping views for $626 million in sales.
For the current quarter ending in July, Nutanix said it expects revenue of $640 million at the midpoint of guidance vs. estimates of $638 million.
Nutanix Stock Technical Ratings
Nutanix's software manages network, storage and server infrastructure in cloud-computing platforms. Nutanix competes against Broadcom's VMware unit, startup Scale Computing, and others.
Also, Nutanix has transitioned to a software subscription business model from selling hardware appliances.
Meanwhile, Nutanix stock holds a Composite Rating of 78 out of a best-possible 99, according to IBD Stock Checkup.
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