Credit Suisse Starts Nutanix (NTNX) at Outperform

October 25, 2016 6:43 AM EDT
Get Alerts NTNX Hot Sheet
Price: $27.77 +0.62%

Rating Summary:
    10 Buy, 6 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 11 | Down: 31 | New: 42
Trade NTNX Now!
Join SI Premium – FREE

Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.

Credit Suisse initiates coverage on Nutanix (NASDAQ: NTNX) with a Outperform rating and a price target of $38.00.

Analyst Kulbinder Garcha commented, "We initiate coverage of Nutanix with an Outperform rating and a $38 target price. We believe the company has a unique technological advantage that will disrupt the IT infrastructure market, specifically in the form of hyperconvergence. A sizable TAM, an effective sales motion, and a well-considered business model that relies upon software IP should lead to strong and sustained financial performance."

For an analyst ratings summary and ratings history on Nutanix click here. For more ratings news on Nutanix click here.

Shares of Nutanix closed at $29.77 yesterday.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Analyst Comments, Hot New Coverage, New Coverage

Related Entities

Credit Suisse, Kulbinder Garcha

Add Your Comment