Nutanix Inc (NTNX) Coverage Initiated by Analysts at JMP Securities
Equities researchers at JMP Securities assumed coverage on shares of Nutanix Inc (NASDAQ:NTNX) in a research report issued on Tuesday. The brokerage set an “outperform” rating and a $38.00 price target on the stock. JMP Securities’ price target indicates a potential upside of 23.62% from the stock’s previous close.
Several other brokerages have also recently issued reports on NTNX. Vetr upgraded Nutanix from a “hold” rating to a “strong-buy” rating and set a $47.17 price target for the company in a research note on Tuesday, October 4th. Summit Redstone began coverage on Nutanix in a research note on Friday. They issued a “sell” rating for the company. They noted that the move was a valuation call. Finally, Maxim Group assumed coverage on Nutanix in a research note on Friday, September 30th. They issued a “buy” rating and a $40.00 price target for the company.
Shares of Nutanix (NASDAQ:NTNX) traded up 0.29% on Tuesday, reaching $30.74. The company’s stock had a trading volume of 3,657,811 shares. Nutanix has a 52-week low of $26.10 and a 52-week high of $46.78. The company’s market cap is $1.42 billion. The firm has a 50 day moving average of $35.32 and a 200 day moving average of $35.32.
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Nutanix Company Profile
Nutanix, Inc (Nutanix) provides an enterprise cloud platform that converges silos of server, virtualization and storage into one integrated solution and connects to public cloud services. The Company’s software-driven platform delivers the scalability and pay-as-you-grow economics of the public cloud, while addressing enterprise requirements of application mobility, security, data integrity and control.
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