Ntnx stock price forecast despite recent volatility in tech

Despite recent volatility in tech indexes, NTNX has outperformed by 9% over the past month. The NTNX stock price forecast remains intact due to resilient demand from enterprise clients. The stock has surged 14% in 2025 and outperformed the benchmark Philadelphia Semiconductor Index (SOX Index) by 11%. The stocks had shown a solid 28% increase in 2024. Despite this growth, consensus potential upside remains around 19%. On February 20, a Wells Fargo analyst reiterated a Hold rating on Nutanix, Inc. (NASDAQ:NTNX) with a price target of $75. Previously, a Raymond James analyst reaffirmed a Buy rating on the shares, setting a price target of $76 in their report published on January 17. With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near -term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision. NTNX recently announced expanded partnerships with leading cloud providers. This strategic move strengthens long-term revenue visibility, a factor already reflected in a positive NTNX stock price forecast.