Susquehanna Upgrades Nutanix (NTNX) Two-Notches to Positive

Susquehanna analyst Mehdi Hosseini upgraded Nutanix (NASDAQ: NTNX) from Negative to Positive with a price target of $45.00 (from $23.00).

The analyst commented, "Following an ~60% correction in the share prices since the peak of early 2018, we are upgrading shares "two notches" to Positive (from Negative). We argue the worst is behind NTNX in its transition to a subscription model - which sets the stage for an attractive (and predictable) recurring billing/revenue stream, while our competitive concerns have eased, as we believe NTNX can successfully "coexist" with VMW within VMW's installed base."

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 $23.96 yesterday.

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