Nutanix Inc (NTNX) Got Some Good News


In a report released today, Mehdi Hosseini from Susquehanna upgraded Nutanix Inc (NTNX) to Buy, with a price target of $45. The company’s shares closed last Monday at $23.96.

According to TipRanks.com, Hosseini is a 4-star analyst with an average return of 9.6% and a 50.5% success rate. Hosseini covers the Consumer Goods sector, focusing on stocks such as Advanced Energy Industries, Hewlett Packard Enterprise, and Applied Materials Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nutanix Inc with a $35.36 average price target, a 45.1% upside from current levels. In a report issued on August 29, JMP Securities also maintained a Buy rating on the stock with a $52 price target.

See today’s analyst top recommended stocks >>

Based on Nutanix Inc’s latest earnings release for the quarter ending July 31, the company reported a quarterly GAAP net loss of $194 million. In comparison, last year the company had a GAAP net loss of $87.37 million.

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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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