JMP Securities analyst Erik Suppiger maintained a Buy rating on Nutanix Inc (NTNX) on March 1 and set a price target of $52. The company’s shares closed yesterday at $33.85, close to its 52-week low of $32.52.
According to TipRanks.com, Suppiger is a 5-star analyst with an average return of 17.2% and a 63.1% success rate. Suppiger covers the Technology sector, focusing on stocks such as SolarWinds Corporation, Varonis Systems, and Carbonite Inc.
Currently, the analyst consensus on Nutanix Inc is a Moderate Buy with an average price target of $52.08, representing a 53.9% upside. In a report issued on February 25, Merrill Lynch also maintained a Buy rating on the stock with a $63 price target.
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Based on Nutanix Inc’s latest earnings release for the quarter ending January 31, the company reported a quarterly GAAP net loss of $123 million. In comparison, last year the company had a GAAP net loss of $62.63 million.
Based on the recent corporate insider activity of 95 insiders, corporate insider sentiment is negative on the stock.
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Nutanix, Inc. engages in the provision of enterprise virtualization and storage solutions. It specializes in cloud operating system that converges traditional silos of server, virtualization, storage, and networking into one integrated solution and unifies private and public cloud into a single software fabric.
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