Needham Maintains Buy on Nutanix, Raises Price Target to $54
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Mike Cikos has reaffirmed a Buy rating on Nutanix (NASDAQ:NTNX) and increased the price target from $44 to $54, indicating a positive outlook on the company's stock.
November 30, 2023 | 11:46 am
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POSITIVE IMPACT
Needham analyst Mike Cikos maintains a Buy rating on Nutanix and raises the price target from $44 to $54, suggesting confidence in the company's growth prospects.
The increase in price target by Needham reflects a strong vote of confidence in Nutanix's future performance and is likely to be viewed positively by investors. This endorsement from a reputable analyst could lead to increased investor interest and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100