Needham analyst Jack Andrews maintained a Buy rating on Nutanix Inc (NASDAQ: NTNX) today and set a price target of $71. The company’s shares opened today at $56.32.
According to TipRanks.com, Andrews is a 5-star analyst with an average return of 22.0% and a 72.5% success rate. Andrews covers the Technology sector, focusing on stocks such as New Relic Inc, Attunity Ltd, and Hortonworks.
Currently, the analyst consensus on Nutanix Inc is a Strong Buy with an average price target of $67.91, which is a 20.6% upside from current levels. In a report issued on August 27, Piper Jaffray also reiterated a Buy rating on the stock with a $66 price target.
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The company has a one-year high of $64.87 and a one-year low of $20.02. Currently, Nutanix Inc has an average volume of 2.92M.
Based on the recent corporate insider activity of 110 insiders, corporate insider sentiment is neutral on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Nutanix, Inc. provides 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. Its products are offered through the Acropolis and Prism brands.
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