JPMorgan Upgrades Nutanix (NTNX) to Neutral

August 30, 2018 6:28 AM EDT
Get Alerts NTNX Hot Sheet
Price: $36.82 +1.18%

Rating Summary:
    18 Buy, 7 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 25 | Down: 37 | New: 115
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JPMorgan analyst Mark Murphy upgraded Nutanix (NASDAQ: NTNX) from Underweight to Neutral with a price target of $54.00 (from $39.00).

The analyst cites robust partner feedback which highlights strong demand for the upgrade. He is expecting to see a strong quarter from the company but only moves to the sidelines as the risk/reward profile appears balanced at the current 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 $61.13 yesterday.

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