Analysts raised the 12-month price target for Nutanix, Inc. to $56.50.
This new target implies a potential 21% upside from the previous closing price.
Wall Street maintains a consensus Buy rating for the cloud computing firm.
The revision follows Nutanix’s third-quarter financial report released on May 27.
The company surpassed analyst expectations for both earnings and revenue.
Management subsequently increased revenue guidance for the full 2026 fiscal year.
Nutanix shares rose 5% following the positive earnings report and outlook.