BofA Lowers PT on Nutanix (NTNX) to $93 From $95, Keeps a Buy Rating

Nutanix, Inc. (NASDAQ:NTNX) is one of the best strong buy growth stocks to buy now. On August 28, BofA analyst Wamsi Mohan lowered the firm’s price target on Nutanix, Inc. (NASDAQ:NTNX) to $93 from $95, keeping a Buy rating on the shares.

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The analyst told investors in a research note that Nutanix, Inc.’s (NASDAQ:NTNX) fiscal Q4 results came above expectations, with the initial view for fiscal year 2026 likely to be conservative, primarily because management has historically guided conservatively in delivering the first guidance for a year.

Mohan added that Nutanix, Inc. (NASDAQ:NTNX) has surpassed operating margin guidance by 500 basis points, on average, over the past three years.

Nutanix, Inc. (NASDAQ:NTNX) provides a cloud platform leveraging web-scale engineering and consumer-grade design. The company’s operations are divided into the following geographic segments: the United States, Europe, the Middle East, Africa, Asia Pacific, and Other Americas.

While we acknowledge the potential of NTNX to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NTNX and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.