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Fly News Breaks for February 24, 2020
NTNX
Feb 24, 2020 | 09:18 EDT
RBC Capital analyst Matthew Hedberg raised his price target on Nutanix to $42 and kept his Outperform rating ahead of its Q2 results this week. The analyst notes that investor sentiment on the name has improved since Q1 results that showed a consistent quarter, and he expects more progress being made on its subscription transition. Hedberg adds that "consistency and execution around the sales force and pipeline build" are the key near-term opportunities for Nutanix shares.
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