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 $61. The company’s shares closed yesterday at $58.50, close to its 52-week high of $58.85.
“We continue to see significant value in its software- only approach with the announcement of three new products adding to our thesis. We maintain our Outperform rating and increase our price target to $61.”
According to TipRanks.com, Noland is a 5-star analyst with an average return of 18.6% and a 65.2% 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 $57.89, representing a -1.0% downside.
In a report issued on April 30, William Blair also maintained a Buy rating on the stock.
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The company has a one-year high of $58.85 and a one-year low of $15.81. Currently, Nutanix Inc has an average volume of 4.35M.
Based on the recent corporate insider activity of 81 insiders, corporate insider sentiment is neutral on the stock.
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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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