J.P. Morgan Maintains Buy Rating for Nutanix with $90 Price Target

J.P. Morgan analyst Pinjalim Bora maintained a Buy rating for Nutanix with a price target of $90.00. The company's shares closed at $72.11 last Friday. Bora is a 4-star analyst with an average return of 8.9% and a 52.04% success rate. Nutanix reported a quarterly revenue of $638.98 million and a net profit of $63.36 million in its latest earnings release. Corporate insider activity shows a negative sentiment with 43 insiders selling their shares over the past quarter.

Nutanix, Inc. (NTNX), a leading provider of enterprise cloud platforms, continues to attract analyst attention with a positive outlook despite recent insider selling and a price drop. J.P. Morgan analyst Pinjalim Bora maintains a "Buy" rating for the stock with a price target of $90.00, suggesting a 22.21% upside from the current price of $72.11 [1].

The company reported a quarterly revenue of $638.98 million and a net profit of $63.36 million in its latest earnings release. These figures indicate a strong financial performance, with analysts expecting continued growth in the hybrid multicloud computing sector. The company's ability to attract new customers, particularly those migrating away from VMware, is a significant factor driving this optimism [2].

Despite the positive outlook, corporate insider activity has shown negative sentiment, with 43 insiders selling their shares over the past quarter. This could indicate a lack of confidence among insiders, potentially due to concerns about the company's valuation or market conditions.

Nutanix's recent partnership announcements and product releases also contribute to its positive outlook. The company's collaboration with Pure Storage and Traefik Labs, among others, expands its capabilities and customer base. Furthermore, Nutanix's integration of AI and cloud-native technologies positions it well for future growth [3][4][5].

While the stock has experienced a recent selloff, analysts remain bullish, citing Nutanix's strong financial performance, strategic partnerships, and market opportunities. Investors should closely monitor the company's earnings reports and insider activity for further insights into its potential trajectory.

References:
[1] https://stockanalysis.com/stocks/ntnx/
[2] https://www.crn.com/news/virtualization/2025/nutanix-ceo-rajiv-ramaswami-the-surge-is-on
[3] https://www.globenewswire.com/news-release/2025/05/28/1278172/EN.html
[4] https://www.globenewswire.com/news-release/2025/03/29/1278173/EN.html
[5] https://www.globenewswire.com/news-release/2025/03/30/1278174/EN.html