Shares of Nutanix (NASDAQ: NTNX) closed just under $48 last week, down about 40% from September highs due to a late November earnings report with a revenue miss and reduced guidance. Despite the drop, technical indicators suggest a potential pre-rally consolidation mode, attracting bullish analyst support.

The stock’s drop post-earnings seemed excessive due to revenue recognition timing issues, not demand weakness. Technical indicators like the Relative Strength Index and MACD suggest selling pressure may be exhausted, setting up a possible pre-rally consolidation phase, supported by bullish analyst sentiment from Needham and Morgan Stanley.

If Nutanix continues to consolidate with bullish momentum, a late-stage rally into the holidays is possible. Analysts believe revenue timing issues are temporary and not reflective of demand trends, making Nutanix a potential comeback trade for the rest of 2025.

Read more at Nasdaq, Inc.: Is Nutanix the Best Comeback Trade Left in 2025? The Setup Says Yes