Pacific Crest Starts Nutanix (NTNX) at Overweight

October 25, 2016 7:15 AM EDT
Get Alerts NTNX Hot Sheet
Price: $30.05 -1.35%

Rating Summary:
    10 Buy, 7 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 35 | Down: 31 | New: 10
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Pacific Crest initiated coverage on Nutanix (NASDAQ: NTNX) with an Overweight rating and a price target of $37.

Analyst Alex Kurtz said, "We are initiating coverage of NTNX at Overweight with a $37 target given proprietary channel feedback that outlines strong end-customer demand for hyperconverged solutions as a key growth segment, and Nutanix as a leading brand. Best-in-class billings growth, led by an expanding software business, provides confidence in the longer-term margin outlook and justifies a premium valuation."

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.

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