NTNX
Nutanix Inc
NASDAQ: NTNX · TECHNOLOGY · SOFTWARE - INFRASTRUCTURE
$49.31
+0.20% today
Updated 2026-06-12
Market cap
$13.33B
P/E ratio
51.91
P/S ratio
4.85x
EPS (TTM)
$0.95
Dividend yield
—
52W range
$34 – $82
Volume
3.8M
Nutanix Inc (NTNX) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed NTNX price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$49.31
Today
Analyst consensus
$60.87
+23.44% · 12M
2030 Base
$61.34
+24.40% future
NPV today
$43.95
@ 8% WACC
19 analysts:
11 Buy8 Hold0 Sell
Management guidance
Nutanix provided mid-to-high teens revenue growth guidance for FY2029 in recent communications. CEO Rajiv Ramaswami has emphasized the company's transition to a software-centric, subscription-based model with strong AI infrastructure positioning through the AMD partnership. No specific absolute revenue targets for 2026-2030 have been publicly disclosed by management.
Sources: Management guidance, analyst consensus, sector analysishigh confidence
NTNX · Nutanix Inc · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$25.42
NPV today: $18.21
Base case (2030)
$61.34
NPV today: $43.95
Bull case (2030)
$97.26
NPV today: $69.69
WallStSmart.com
NTNX financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $2.5B | $2.9B | $3.3B | $4.0B | $4.7B | $5.4B |
| Revenue growth | 18.1% | 13.4% | 15.9% | 18.2% | 18.5% | 15.8% |
| Net margin | — | 18.0% | 19.9% | 22.4% | 24.4% | 25.9% |
| EPS | $0.41 | $1.87 | $2.35 | $3.05 | $3.85 | $4.65 |
| Diluted shares | — | 277M | 284M | 290M | 296M | 302M |
| Net debt | — | $-818.74M | $-1.09B | $-1.42B | $-1.80B | $-2.25B |
| P/S multiple | — | 3.0x | 3.0x | 3.0x | 3.0x | 3.0x |
| Implied price (base) | — | $34.19 | $39.20 | $45.75 | $53.50 | $61.34 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $5.4B | $5.4B | $5.4B |
| P/S multiple | 1.0x | 3.0x | 5.0x |
| Diluted shares | 302M | 302M | 302M |
| Net debt | $-2.25B | $-2.25B | $-2.25B |
| Implied P/E † | 6x | 13x | 21x |
| 2030 Price | $25.42 | $61.34 | $97.26 |
| NPV @ 8% | $18.21 | $43.95 | $69.69 |
† Implied P/E: Multiples remain elevated across all three scenarios because NTNX is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $61.34 base case
NTNX catalysts and risks
Growth catalysts
+ AMD $150M equity investment and multi-year AI infrastructure partnership deepening enterprise AI TAM capture
+ Agentic AI platform integration with NVIDIA and RapidFort enhancing competitive moat in AI-native infrastructure
+ Server supply chain normalization enabling acceleration of deferred bookings and OEM channel expansion
+ Hybrid cloud and Kubernetes adoption tailwinds as enterprises shift to distributed AI workloads
+ Potential margin expansion as SaaS/subscription mix increases relative to perpetual licensing
Key risks
- OEM channel dependency creates vendor concentration risk; Dell/Lenovo disruption could materially impact revenue
- Recent Q1 FY2026 guidance miss and $17.8M stock decline signals execution risk on revenue shift timing
- High debt load ($1.55B total debt vs. $603M cash) limits financial flexibility if growth decelerates
- Negative shareholder equity balance sheet risk; profitability must sustain to rebuild equity cushion
- Hyperscaler AI infrastructure capex could shift toward vertically integrated solutions (Meta, Microsoft), bypassing NTNX
- Securities litigation ongoing post-guidance miss; potential settlements or reputation damage
Methodology · Nutanix Inc 2030 stock forecast model
Nutanix Inc 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 19 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (12% cumulative for NTNX by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($-2.25B by 2030) |
| 3. Time value | NPV calculated using 8% WACC (CAPM: beta 0.539) |
| 4. Multiple framework | P/S compresses with scale: bear 1.0x / base 3.0x / bull 5.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 20, 2026.
NTNX price target FAQ
What is the NTNX price target for 2030?
WallStSmart's Nutanix Inc 2030 base case is $61.34 per share, with a bull case of $97.26 and bear case of $25.42. The NPV of the base case discounted to today at 8% WACC is $43.95.
How is the Nutanix Inc 2030 stock forecast calculated?
The NTNX 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the NTNX price target account for dilution?
Nutanix Inc is projected to grow diluted share count from 270M to 302M by 2030 (a 12% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately 12%.
What is the analyst consensus on NTNX stock?
19 analysts cover NTNX with an average 12-month price target of $60.87. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.