KeyBanc on Nutanix (NTNX): 'Supply Chain Holding Back Platform, for Now'

KeyBanc analyst Brandon Nispel reiterated an Overweight rating and $65.00 price target on Nutanix (NASDAQ: NTNX).

The analyst commented: "Investor Day/.NEXT Takeaways - Supply Chain Holding Back Platform, for Now; We attended NTNX's analyst day and .NEXT conference. The event reinforced our LT conviction in NTNX, though also reinforced NT supply-chain/macro challenges beyond NTNX's control. From our view, we see: 1) a strong and growing partner ecosystem; 2) a growing TAM and increasingly addressable SAM that's seeking VMware alternatives; and 3) a compelling LT financial profile in a normalized environment. While we don't see the supply-chain factors getting any better in the NT (creating uncertainty in FY27), valuation is fairly compelling where we would encourage building positions at these levels."

For an analyst ratings summary and ratings history on Nutanix click here. For more ratings news on Nutanix click here.

Shares of Nutanix closed at $39.50 yesterday.

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