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Fly News Breaks for March 13, 2018
NTNX
Mar 13, 2018 | 07:32 EDT
Following Nutanix's analyst day meeting, JMP Securities analyst Erik Suppiger noted that the company announced an FY21 billings target of $3B, which he believes reflects a "confident" team executing on a "substantial" opportunity. Nutanix also unveiled a long-term product strategy that Suppiger said he thinks is "strategically attractive." To reflect increased valuation multiples in the space as well as his expectations for higher growth, the analyst raised his price target on Nutanix to $60 from $45 and keeps an Outperform rating on the shares.
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