Nutanix (NASDAQ:NTNX – Get Rating) had its price objective increased by Royal Bank of Canada from $33.00 to $38.00 in a research note released on Thursday morning, The Fly reports.
NTNX has been the subject of several other reports. Susquehanna reiterated a positive rating and issued a $34.00 price target on shares of Nutanix in a report on Thursday, March 9th. Needham & Company LLC restated a buy rating and set a $33.00 price objective on shares of Nutanix in a report on Tuesday, March 7th. KeyCorp upped their price objective on Nutanix from $33.00 to $38.00 in a report on Thursday. OTR Global downgraded Nutanix to a positive rating in a report on Thursday, May 18th. Finally, StockNews.com began coverage on Nutanix in a report on Thursday, May 18th. They issued a buy rating for the company. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Nutanix has a consensus rating of Moderate Buy and a consensus price target of $33.62.
Nutanix Stock Up 16.8 %
NTNX stock opened at $29.68 on Thursday. Nutanix has a 1 year low of $13.44 and a 1 year high of $33.73. The stock’s 50 day moving average price is $25.10 and its 200 day moving average price is $27.01.
Hedge Funds Weigh In On Nutanix
Nutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. The firm also provides software solutions and cloud services to customers’ enterprise infrastructure. The company was founded by Dheeraj Pandey, Ajeet Singh, and Mohit Aron in 2009 and is headquartered in San Jose, CA.
- Get a free copy of the StockNews.com research report on Nutanix (NTNX)
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