Nutanix Analysts Boost Their Forecasts After Upbeat Earnings

Core Insights - Nutanix, Inc. reported better-than-expected first-quarter financial results, with earnings of 42 cents per share, surpassing the analyst consensus estimate of 31 cents per share [2] - The company achieved quarterly sales of $590.96 million, exceeding the analyst consensus estimate of $571.78 million [2] - Nutanix's CEO highlighted the company's outperformance across guided metrics and ongoing innovations aimed at becoming a leading platform for app management and data [2] Financial Guidance - For FY25, Nutanix projects revenue between $2.435 billion and $2.465 billion, with a non-GAAP operating margin of 16% to 17% and free cash flow of $560 million to $610 million [2] Stock Performance - Following the earnings announcement, Nutanix shares fell by 7.4%, trading at $66.99 [2] - Analysts adjusted their price targets for Nutanix, with notable changes including: - Needham raised the price target from $80 to $90 while maintaining a Buy rating [2] - Northland Capital Markets increased the target from $74 to $77, reiterating a Market Perform rating [2] - Barclays raised the target from $75 to $87, maintaining an Overweight rating [2] - Morgan Stanley increased the target from $72 to $78, also maintaining an Overweight rating [2] - Piper Sandler raised the target from $77 to $83 while keeping an Overweight rating [2] - Wells Fargo increased the target from $60 to $75, maintaining an Equal-Weight rating [2]