Nutanix Price Targets Cut to $60 and $57; UBS Sees Mid-Teens Growth in FY27-28
Goldman Sachs lowered its price target on Nutanix to $60 from $75 on Feb. 9, retaining a Buy rating while citing AI platform developments like Claude Cowork and OpenAI’s Frontier. UBS also cut its target to $57 from $91, forecasting mid-teens annual revenue growth in FY27-28.
1. Goldman Sachs Lowers Price Target
Goldman Sachs cut Nutanix’s price target to $60 from $75 on February 9, retaining a Buy rating as it highlighted acceleration in AI innovation across platform offerings such as Claude Cowork and OpenAI’s Frontier. The firm noted that insulated layers of the stack present attractive entry points for investors willing to look through near-term volatility.
2. UBS Forecasts Mid-Teens Growth
On the same day, UBS reduced its price target on Nutanix to $57 from $91, maintaining a Buy recommendation and projecting mid-teens annual revenue growth in fiscal years 2027 and 2028. UBS cited recent customer checks indicating sustainable demand across core enterprise segments.
3. Barclays Downgrades to Equal Weight
Earlier on January 15, Barclays downgraded Nutanix to Equal Weight from Overweight, cutting its price target to $53 from $64 following a comprehensive review of the company’s sales cycle and competitive positioning. The firm pointed to tempered near-term visibility as the basis for its revised rating.
4. Nutanix Cloud Platform and AI Focus
Nutanix offers a cloud platform that combines web-scale engineering with consumer-grade design, serving customers across the United States, EMEA, Asia Pacific and other regions. Its ongoing AI-driven enhancements aim to strengthen the enterprise software suite and capitalize on growing demand for hybrid multicloud solutions.