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Fly News Breaks for March 14, 2018
NTNX
Mar 14, 2018 | 07:56 EDT
Maxim analyst Nehal Chokshi raised his price target on Nutanix to $71 after the company's investor day presentation outlined a FY21 billings target of $3B, which is about 39% above the "limited analyst estimates". Chokshi says that the target raises his long term sales productivity outlook and actually "looks conservative" based on the company's potential transition to a consumption-based model. The analyst keeps his Buy rating on Nutanix.
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