Nutanix (NTNX): Good Quarter Out Of The Gate, Raising PT - RBC

November 30, 2016 6:58 AM EST
Get Alerts NTNX Hot Sheet
Price: $30.05 +6.00%

Rating Summary:
    10 Buy, 7 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 24 | Down: 17 | New: 14
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RBC Capital analyst, Matthew Hedberg, reiterated his Outperform rating on shares of Nutanix (NASDAQ: NTNX) after the company reported a strong debut and all metrics came in above expectations. The price target goes to $38 from $36 on higher estimates.

Q2 guidance was raised but the analyst believes it remains conservative and he expects upside to 2H17 estimates. The analyst stated "incremental investors could come in on GM upside".

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 $34.09 yesterday.

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