Nutanix (NASDAQ:NTNX) Stock Price Up 7.6% Following Analyst Upgrade

Market Beat
2026.05.29 15:15
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Nutanix (NASDAQ:NTNX) shares rose 7.6% following JPMorgan Chase's upgrade of its price target from $44 to $50, maintaining a neutral rating. Other firms like Piper Sandler and Rosenblatt also adjusted targets or reaffirmed ratings. The stock gained momentum after Nutanix reported strong Q3 earnings, beating estimates on EPS and revenue, with raised FY2026 guidance. Institutional investors including Vanguard and AQR increased their positions in the fourth quarter.