In a report released today, Nehal Chokshi from Northland Securities maintained a Buy rating on Nutanix (NTNX – Research Report), with a price target of $71.00. The company’s shares closed yesterday at $59.04.
According to TipRanks, Chokshi is a top 100 analyst with an average return of 26.7% and a 62.01% success rate. Chokshi covers the Technology sector, focusing on stocks such as Super Micro Computer, Agilysys, and PROS Holdings.
In addition to Northland Securities, Nutanix also received a Buy from Bank of America Securities’s Wamsi Mohan in a report issued today. However, on the same day, Morgan Stanley maintained a Hold rating on Nutanix (NASDAQ: NTNX).
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NTNX market cap is currently $14.33B and has a P/E ratio of -80.98.
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Nutanix (NTNX) Company Description:
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. Its products are offered through the Acropolis and Prism brands. The company was founded by Dheeraj Pandey, Ajeet Singh, and Mohit Aron in 2009 and is headquartered in San Jose, CA.
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