Robert W. Baird Believes Nutanix Inc (NTNX) Still Has Room to Grow


In a report released today, Jayson Noland from Robert W. Baird maintained a Buy rating on Nutanix Inc (NASDAQ: NTNX), with a price target of $64. The company’s shares closed yesterday at $55.36, close to its 52-week high of $60.

Noland observed:

“We view Nutanix as disruptive, as the hyper-converged market leader, and as the thought leader in hybrid cloud management.”

According to TipRanks.com, Noland is a 5-star analyst with an average return of 17.4% and a 63.2% success rate. Noland covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Palo Alto Networks, and Juniper Networks.

Currently, the analyst consensus on Nutanix Inc is Strong Buy and the average price target is $60.06, representing an 8.5% upside.

In a report issued on May 10, Wells Fargo also reiterated a Buy rating on the stock with a $65 price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $60 and a one-year low of $16.64. Currently, Nutanix Inc has an average volume of 4.19M.

Based on the recent corporate insider activity of 83 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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