Nutanix Inc (NTNX) has disclosed a new risk, in the Corporate Activity and Growth category.
Nutanix Inc. faces a significant business risk in the wake of VMware’s acquisition by Broadcom. Although the transaction has prompted VMware customers to seek alternatives, potentially expanding Nutanix’s market share, various factors could impede this growth. With customers tied to multi-year contracts or awaiting hardware updates, Nutanix may struggle to convert these leads promptly. Moreover, aggressive countermeasures by Broadcom could hinder Nutanix’s competitive edge, potentially impairing its business outcomes and financial performance.
The average NTNX stock price target is $74.70, implying 26.08% upside potential.
To learn more about Nutanix Inc’s risk factors, click here.
