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Wells Fargo Reaffirms Their Hold Rating on Nutanix (NTNX)

Tipranks - Tipranks - Sat Feb 21, 5:56AM CST

Wells Fargo analyst Aaron Rakers maintained a Hold rating on Nutanix yesterday and set a price target of $57.00. The company’s shares closed yesterday at $41.32.

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Rakers covers the Technology sector, focusing on stocks such as Nvidia, Marvell, and Micron. According to TipRanks, Rakers has an average return of 37.7% and a 70.00% success rate on recommended stocks.

In addition to Wells Fargo, Nutanix also received a Hold from TipRanks – DeepSeek’s DeepSeek Software – Infrastructure in a report issued yesterday. However, on the same day, J.P. Morgan maintained a Buy rating on Nutanix (NASDAQ: NTNX).

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Based on Nutanix’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $670.58 million and a net profit of $62.1 million. In comparison, last year the company earned a revenue of $590.96 million and had a net profit of $29.93 million

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