Maxim Group analyst Nehal Chokshi maintained a Buy rating on Nutanix Inc (NTNX) today and set a price target of $58. The company’s shares closed yesterday at $42.80.
Chokshi said:
“Chief Product & Development Officer Sunil Potti’s presentation contained multiple key nuggets of information, in our view.”
According to TipRanks.com, Chokshi is a 5-star analyst with an average return of 10.8% and a 59.8% success rate. Chokshi covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Super Micro Computer, and Palo Alto Networks.
Nutanix Inc has an analyst consensus of Moderate Buy, with a price target consensus of $48.07, which is a 12.3% upside from current levels. In a report issued on March 11, Jefferies also upgraded the stock to Buy with a $42 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 92 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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