Nutanix Gets Price Target Bumps By Analysts Following Upbeat Q3 Results, Shares Surge

Nutanix, Inc. NTNX reported better-than-expected earnings for its third quarter.

Nutanix posted adjusted earnings of 4 cents per share, beating market estimates of 3 cents per share. The company’s quarterly sales came in at $448.58 million, surpassing expectations of $432.91 million.

Nutanix shares rose 16.1% to $29.49 in today’s pre-market trading session.

These analysts made changes to their price targets on Nutanix following earnings announcement.

• Keybanc raised the price target on Nutanix from $33 to $38. Keybanc analyst Michael Turits maintained an Overweight rating.
• Barclays increased the price target on Nutanix from $34 to $38. Barclays analyst Tim Long maintained an Overweight rating.

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