Credit Suisse Starts Nutanix (NTNX) at Outperform

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.

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