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Fly News Breaks for November 26, 2019
NTNX
Nov 26, 2019 | 09:22 EDT
Wells Fargo analyst Aaron Rakers raised his price target on Nutanix shares to $38 from $25 following what he would consider "positive" fiscal first quarter results, stating that he views the positive backlog comments, strong customer expansion and annual contract value expansion as among the takeaways that he thinks matter the most. Rakers sees a "step forward in confidence" in Nutanix's subscription transition, but keeps a Market Perform rating on Nutanix shares.
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