JMP Securities Maintains Market Outperform Rating for Nutanix: Here's What You Need To Know

JMP Securities has decided to maintain its Market Outperform rating of Nutanix NTNX and raise its price target from $35.00 to $45.00.

Shares of Nutanix are trading up 2.65% over the last 24 hours, at $36.05 per share.

A move to $45.00 would account for a 24.83% increase from the current share price.

About Nutanix

Nutanix Inc provides native hybrid cloud capabilities for businesses. The company offers Enterprise Cloud Platform to businesses for various uses such as web-scale engineering and consumer-grade design, virtualization, and storage into a resilient, and software-defined solution. Geographically, it derives a majority of revenue from the United States and also has a presence in Europe, the Middle East, Asia Pacific, Africa, and other regions.

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.