RBC Capital Has Just Reaffirmed $40.0 Target Price Per Share on Nutanix Inc (NTNX) stock, While They’ve Also Reiterated Their Buy Rating

March 15, 2018 - By Winifred Garcia

 RBC Capital Has Just Reaffirmed $40.0 Target Price Per Share on Nutanix Inc (NTNX) stock, While They’ve Also Reiterated Their Buy Rating

Nutanix Inc (NTNX) Rating Reaffirmed

In analysts report issued to clients and investors on Friday morning, The Buy rating of Nutanix Inc (NTNX) shares was reaffirmed by Analysts at RBC Capital, who now has a $40.0 target price per share on the stock. RBC Capital’s target price per share indicates a possible downside of -26.48 % from the stock close price of the company.

Nutanix, Inc. (NASDAQ:NTNX) Ratings Coverage

Among 24 analysts covering Nutanix (NTNX), 20 have Buy rating, 2 Sell and 2 Hold. Therefore 83% are positive. Nutanix has $71 highest and $1900 lowest target. $44.55’s average target is -18.12% below currents $54.41 stock price. Nutanix had 92 analyst reports since September 30, 2016 according to SRatingsIntel. As per Tuesday, October 10, the company rating was maintained by Jefferies. The stock of Nutanix, Inc. (NASDAQ:NTNX) earned “Hold” rating by Stifel Nicolaus on Thursday, June 29. The firm has “Equal-Weight” rating by Morgan Stanley given on Tuesday, October 25. JP Morgan initiated the stock with “Neutral” rating in Tuesday, October 25 report. The rating was initiated by RBC Capital Markets with “Outperform” on Tuesday, October 25. The firm has “Buy” rating by Maxim Group given on Wednesday, March 14. As per Friday, May 26, the company rating was maintained by Oppenheimer. On Friday, May 26 the stock rating was maintained by Bank of America with “Buy”. The stock has “Buy” rating by Maxim Group on Friday, September 22. FBN Securities initiated Nutanix, Inc. (NASDAQ:NTNX) rating on Wednesday, January 11. FBN Securities has “Sector Perform” rating and $30.0 target.

The stock decreased 0.46% or $0.25 during the last trading session, reaching $54.41. About 7.05M shares traded or 68.02% up from the average. Nutanix, Inc. (NTNX) has 0.00% since March 15, 2017 and is . It has underperformed by 16.70% the S&P500.

Analysts await Nutanix, Inc. (NASDAQ:NTNX) to report earnings on May, 24. They expect $-0.44 EPS, up 42.86 % or $0.33 from last year’s $-0.77 per share. After $-0.40 actual EPS reported by Nutanix, Inc. for the previous quarter, Wall Street now forecasts 10.00 % negative EPS growth.

Nutanix, Inc., together with its subsidiaries, provides an enterprise cloud operating system in North America, Europe, the Asia-Pacific, the Middle East, Latin America, and Africa. The company has market cap of $8.73 billion. The Company’s cloud operating system converges traditional silos of server, virtualization, storage, and networking into one integrated solution; and unifies private and public cloud into a single software fabric. It currently has negative earnings. The companyÂ’s software products include Acropolis, which comprises Distributed Storage Fabric that replaces traditional storage arrays and delivers enterprise-grade data management across a range of storage protocols to support various enterprise applications, including virtualized and non-virtualized applications; and Application Mobility Fabric that enables enhanced levels of application placement, conversion, and migration across various hypervisors and public clouds.

More notable recent Nutanix, Inc. (NASDAQ:NTNX) news were published by: Marketwatch.com which released: “Nutanix stock gains after Needham hikes target to $61” on March 13, 2018, also Businesswire.com with their article: “Nutanix Announces Definitive Agreement to Acquire Netsil” published on March 12, 2018, Marketwatch.com published: “Nutanix stock gains after BTIG upgrades to buy” on March 09, 2018. More interesting news about Nutanix, Inc. (NASDAQ:NTNX) were released by: Marketwatch.com and their article: “Nutanix powers on in software transition” published on March 02, 2018 as well as Globenewswire.com‘s news article titled: “Nutanix, Inc. (Nasdaq: NTNX) to Ring The Nasdaq Stock Market Opening Bell” with publication date: March 09, 2018.

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