Ntnx stock price forecast brokerage consensus stands at “Buy” for

Brokerage consensus stands at “Buy” for NTNX with an average price target of $ According to Fortune Business Insights, the global edge computing market, valued at $10.11 billion in 2023, is expected to grow from $13.66 billion in 2024 to a staggering $181.96 billion by 2032, reflecting a CAGR of 38.2%. This rapid expansion is driven by the increasing adoption of edge devices, such as mobile point-of-sale kiosks and smart cameras, as well as computational infrastructure enabling real-time data analysis at the source. Similarly, PwC had predicted that the global market for edge data centers will nearly triple, rising from $4 billion in 2017 to $13.5 billion in 2024. This growth is fueled by the ability of localized data centers to reduce latency, manage intermittent connections, and deliver storage and computational power closer to end-users. To track analyst ratings and price targets for $NTNX, check out Quiver Quantitative's $NTNX forecast page. Analysts modeling NTNX through DCF valuation see a fair value of roughly $72 per share. This aligns closely with the prevailing NTNX stock price forecast scenarios from major Wall Street firms.