12 Best Tech Stocks to Buy According to Hedge Funds

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5. Nutanix, Inc. (NASDAQ:NTNX)

Average Analyst Upside: 31.21%

Number of Hedge Fund Holders: 58

Market Cap: $17.99 billion

Nutanix, Inc. (NASDAQ:NTNX) is one of the best tech stocks to buy according to analysts. On August 28, JP Morgan maintained its Overweight rating on Nutanix, Inc. (NASDAQ:NTNX) while trimming its price target from $90 to $81. On September 2, the stock was trading at $67.12, which represents a 20.67% implied upside. The firm’s research note comes after Nutanix reported its Q4 Fiscal Year 2025 earnings on August 27. The bank expects the stock to “remain muted” in the near-term.

The company generated revenue of $2.54 billion for fiscal year 2025 and $653.27 million in Q4, a 19.22% year-over-year growth from the same quarter last year. The strong finish to the fiscal year was driven by subscription growth and strong customer acquisition.

More importantly, the company saw a turnaround in margins during the fiscal year. In FY 2025, the company’s net margin stood at 7.42%, a huge improvement from -5.81% in the previous year. The company’s forward P/E ratio stands at a reasonable 29.58x.

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