Oppenheimer Reaffirms Their Buy Rating on Nutanix (NTNX)
Oppenheimer analyst Param Singh maintained a Buy rating on Nutanix today and set a price target of $65.00.
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According to TipRanks, Singh is an analyst with an average return of -9.2% and a 35.29% success rate. Singh covers the Technology sector, focusing on stocks such as CommVault Systems, International Business Machines, and Akamai.
In addition to Oppenheimer, Nutanix also received a Buy from UBS’s Radi Sultan in a report issued today. However, on the same day, TipRanks – xAI reiterated a Hold rating on Nutanix (NASDAQ: NTNX).
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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- Nutanix price target lowered to $60 from $75 at BofA
- Nutanix: Buy Rating Reaffirmed on Strong Bookings Outlook, Strategic AMD AI Partnership, and Attractive Valuation Despite Near‑Term Headwinds
- Nutanix price target lowered to $53 from $56 at Morgan Stanley
- Nutanix price target raised to $60 from $57 at UBS
- Nutanix price target lowered to $50 from $57 at Wells Fargo
