Barclays Sticks to Their Hold Rating for Nutanix (NTNX)
In a report released today, Tim Long from Barclays maintained a Hold rating on Nutanix, with a price target of $47.00.
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According to TipRanks, Long is a 5-star analyst with an average return of 15.1% and a 61.84% success rate. Long covers the Technology sector, focusing on stocks such as Apple, Nutanix, and Logitech.
In addition to Barclays, Nutanix also received a Hold from TipRanks – PerPlexity’s PerPlexity Software – Infrastructure in a report issued yesterday. However, on the same day, RBC Capital maintained a Buy rating on Nutanix (NASDAQ: NTNX).
Based on Nutanix’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $722.83 million and a net profit of $103.02 million. In comparison, last year the company earned a revenue of $654.72 million and had a net profit of $56.43 million
Read More on NTNX:
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- Nutanix price target lowered to $43 from $53 at Northland
- Balancing Long-Term Opportunity and Near-Term Uncertainty: A Hold Rating on Nutanix Amid Supply Chain and Macro Headwinds
- Closing Bell Movers: Futures bounce on Iran ceasefire; Levi Strauss up 6% on Q1
- Nutanix sees mid-to-high teens revenue growth in FY29
- Nutanix Expands Share Repurchase Authorization, Signaling Confidence
