RBC Capital raises Nutanix stock price target to $90 on ARR growth

RBC Capital has raised its price target on Nutanix Inc. (NASDAQ:NTNX) to $90 from $84, maintaining an Outperform rating for the stock. The firm highlighted the company’s strong performance in the fiscal year, with 13% revenue growth and an impressive gross profit margin of 87%. Nutanix’s revenue reached $2.75 billion, driven by solid traction across its core platform, including external storage, cloud-native, and AI offerings, as well as a growing partner ecosystem.

The analyst firm expects these factors to continue to positively impact the company’s outlook for fiscal year 2027. Despite the stock surging 71% over the past six months, InvestingPro analysis suggests it is currently overvalued relative to its Fair Value.

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