Morgan Stanley analyst Meta Marshall has maintained their bullish stance on NTNX stock, giving a Buy rating on August 19.
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Meta Marshall has given his Buy rating due to a combination of factors that suggest Nutanix has a promising long-term outlook. One significant reason is the potential for Nutanix to gain market share from VMware customers, which presents a substantial growth opportunity. Additionally, Nutanix is expected to benefit from strengthened partnerships and improved targeting strategies, such as the collaboration with Cisco and the anticipated availability of solutions from Dell PowerFlex and Pure Storage. These developments are likely to enhance Nutanix’s results in the coming years.
Despite some tactical caution due to limited upside potential in the FY26 guidance, Marshall remains optimistic about Nutanix’s long-term prospects. The company has demonstrated significant free cash flow growth and there is potential for further positive revisions. While there are risks, such as the momentum of the standalone hypervisor, the expectation of a 200-300 basis points top-line beat and stable net revenue retention supports the Buy rating. Overall, the combination of strategic partnerships, market opportunities, and financial performance underpins the positive outlook for Nutanix.
In another report released on August 19, Bank of America Securities also reiterated a Buy rating on the stock with a $95.00 price target.