Highlights

  • Consensus rating of Buy (highest tier) from 4 analysts: 4 Buy or equivalent, 0 Hold, 0 Sell or equivalent.
  • Mean price target of A$2.75 against a share price of A$1.72 on 8 October 2026, an implied upside of 60.1%.
  • Analyst targets range from A$2.30 to A$3.33.
  • Annualised contract value (ACV) was $260.0 million, up 13.9% and within the previously guided range.

Nuix (ASX:NXL) carries a consensus analyst rating of Buy (highest tier). Of the 4 analyst recommendations recorded, 4 are Buy or equivalent, 0 are Hold and 0 are Sell or equivalent. The mean price target is A$2.75, with targets ranging from A$2.30 to A$3.33, against a current share price of A$1.72 (8 October 2026). Nuix Limited is a Sydney-based software company providing investigative analytics and intelligence software, including its Nuix Neo platform.

Company name

Nuix

Ticker

(ASX:NXL)

Exchange

ASX (Australian Securities Exchange)

Current share price

A$1.72

Price date

8 October 2026

Number of analysts

4

Rating consensus

Buy (highest tier)

Consensus price target (mean)

A$2.75

Highest target

A$3.33

Lowest target

A$2.30

Implied upside/downside to mean target

Implied upside of 60.1%

Latest developments

Nuix (ASX:NXL) announced its results for the full year ended 30 June 2026 on 24 August 2026. Annualised contract value (ACV) was $260.0 million, up 13.9% and within the previously guided range. Nuix Neo ACV rose 179% to $78.5 million across 135 customers. Revenue was $263.2 million, up 18.8%, and Adjusted Management EBITDA was $59.8 million, up 60.4%. Statutory EBITDA was $66.9 million, up 40.5%, and statutory NPAT was $16.4 million, compared with a loss of $9.2 million.

Underlying Cash Flow was $51.0 million, compared with $20.1 million, and net cash was $49.9 million, up 24.8%. Figures include the Linkurious acquisition, and net cash reflects cash less Debt associated with that acquisition. The company said revenue growth significantly outpaced cost growth, in line with its strategic objective, and that growth reflected success in selling multi-year deals.

Nuix said its go-to-market has been restructured with enhanced commercial capability, operational from FY27, including an evolution from feature selling to platform value and new commercial Leadership and structure.

Sector context

Nuix sells investigative analytics software, and its growth relies on multi-year deals and its Nuix Neo platform. The company describes its go-to-market restructure as taking effect from FY27.

Risks and what to watch

Adjusted Management EBITDA excludes non-operational legal costs, restructuring costs and Acquisition costs, and incorporates Research and Development spend and share-based payments, so it differs from statutory EBITDA. Underlying cash flow also excludes certain cash flows. Net cash is net of debt related to the Linkurious acquisition. The company describes a restructured go-to-market operation from FY27, which involves execution risk, and ACV growth of 13.9% was within the range previously guided.

Next milestones

Items to watch include Nuix Neo customer additions and ACV, the effect of the restructured go-to-market from FY27, integration of Linkurious, cash generation, and the company's half-year result.