BofA Lowers PT on Nutanix (NTNX) to $93 From $95, Keeps a Buy Rating

Nutanix, Inc. (NASDAQ:NTNX) is one of the best strong buy growth stocks to buy now. On August 28, BofA analyst Wamsi Mohan lowered the firm’s price target on Nutanix, Inc. (NASDAQ:NTNX) to $93 from $95, keeping a Buy rating on the shares.

The analyst told investors in a research note that Nutanix, Inc.’s (NASDAQ:NTNX) fiscal Q4 results came above expectations, with the initial view for fiscal year 2026 likely to be conservative, primarily because management has historically guided conservatively in delivering the first guidance for a year.

Mohan added that Nutanix, Inc. (NASDAQ:NTNX) has surpassed operating margin guidance by 500 basis points, on average, over the past three years.

Nutanix, Inc. (NASDAQ:NTNX) provides a cloud platform leveraging web-scale engineering and consumer-grade design. The company’s operations are divided into the following geographic segments: the United States, Europe, the Middle East, Africa, Asia Pacific, and Other Americas.

While we acknowledge the potential of NTNX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.