Nutanix Gets Price Target Bumps By Analysts Following Upbeat Q3 Results, Shares Surge
Portfolio Pulse from Lisa Levin
Nutanix, Inc. (NASDAQ:NTNX) reported better-than-expected Q3 earnings with adjusted earnings of 4 cents per share and sales of $448.58 million. Following the announcement, Nutanix shares rose 16.1% and analysts from Keybanc and Barclays raised their price targets.
May 25, 2023 | 10:16 am
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Nutanix reported better-than-expected Q3 earnings, leading to a 16.1% surge in shares and raised price targets from Keybanc and Barclays.
Nutanix's strong Q3 earnings beat market estimates, resulting in a significant increase in share price and raised price targets from analysts. This positive news is likely to drive the stock price up in the short term.
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