Nutanix Inc (NTNX) Given $40.00 Consensus Target Price by Brokerages
Shares of Nutanix Inc (NASDAQ:NTNX) have been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Brokerages have set a 12-month consensus price objective of $40.00 for the company, according to Zacks. Zacks has also assigned Nutanix an industry rank of 46 out of 265 based on the ratings given to related companies.
A number of equities analysts have commented on NTNX shares. Maxim Group started coverage on shares of Nutanix in a research note on Friday, September 30th. They issued a “buy” rating and a $40.00 target price on the stock. JMP Securities started coverage on shares of Nutanix in a research note on Tuesday. They issued an “outperform” rating and a $38.00 target price on the stock. Summit Redstone started coverage on shares of Nutanix in a research note on Friday, October 14th. They issued a “sell” rating on the stock. They noted that the move was a valuation call. Finally, Vetr upgraded shares of Nutanix from a “hold” rating to a “strong-buy” rating and set a $47.17 target price on the stock in a research note on Tuesday, October 4th.
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Nutanix (NASDAQ:NTNX) traded down 1.72% during trading on Wednesday, hitting $30.21. 888,552 shares of the stock traded hands. The firm’s market cap is $1.39 billion. Nutanix has a 12 month low of $26.10 and a 12 month high of $46.78. The firm has a 50-day moving average price of $35.32 and a 200 day moving average price of $35.32.
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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