Ntnx stock price forecast price action in NTNX suggests buyers

Price action in NTNX suggests buyers are defending the $60 support level. The NTNX stock price forecast sees potential upside toward $70 if Q2 metrics maintain double-digit growth rates. Over the past month, shares of this enterprise cloud platform services provider have returned -10.6%, compared to the Zacks S&P 500 composite's -2.4% change. During this period, the Zacks Computers - IT Services industry, which Nutanix falls in, has lost 3.3%. The key question now is: What could be the stock's future direction? To see Spark’s full report on NTNX stock, click here . The latest NTNX stock price forecast points to moderate upside as Nutanix continues to expand its hybrid cloud software footprint. Analysts project a 12-month target range of $65–$72, citing 18% YoY revenue growth and strong subscription renewals.