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Fly News Breaks for February 24, 2020
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.
News For NTNX From the Last 2 Days
Nov 30, 2021 | 06:56 EST
Susquehanna analyst Mehdi Hosseini updated his estimates on Nutanix following its "great" quarter. He noted they are now providing annual guidance which in his view shows management's increased visibility of opportunities consistent with the transition to a software company. AHV adoption continues and actually broke the recent trend of slowing adoption he has observed over the past few quarters. In addition ACV billings growth accelerated as new products are starting to have a bigger impact. Hosseini reiterated his Positive rating and $50 price target on Nutanix shares.