Here is Why Nutanix (NTNX) is Surrounded With Optimism

Nutanix Inc (NASDAQ:NTNX) is one of the best large cap stocks under $100 with huge upside potential.

As of January 23 closing, Nutanix Inc (NASDAQ:NTNX) carries a moderately bullish sentiment as per consensus. The stock offers over 58% upside potential to investors based on a $67.83 median 1-year price target. It has received coverage from 14 analysts, 10 of whom have assigned Buy ratings and 4 have given Hold calls.

On January 12, Morgan Stanley analyst Sanjit Singh downgraded Nutanix Inc (NASDAQ:NTNX) from an Overweight to Equal Weight rating. He also revised his price target for the stock from $82 to $62.

Singh noted that company revenues exceeded $2.5 billion, reflecting the business’s scalability and attractiveness on a long-term basis. But he expects diminishing growth prospects for topline during 2026, which led to his bearish sentiment towards Nutanix Inc (NASDAQ:NTNX). Despite the downgrade, Singh sees an upside potential of almost 45% from prevailing level.

Nutanix Inc (NASDAQ:NTNX) is a provider of enterprise cloud computing services. Its Nutanix Cloud Platform facilitates workload portability, helping businesses in building hybrid multi-cloud infrastructure and switching to public clouds like AWS and Azure. Through subscriptions, it also offers Nutanix Cloud Infrastructure, Nutanix Cloud Manager, and Unified Storage to its users.

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.