RBC Capital Maintains Outperform on Nutanix, Raises Price Target to $54
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Matthew Hedberg has maintained an Outperform rating on Nutanix (NASDAQ:NTNX) and increased the price target from $47 to $54.
November 30, 2023 | 3:28 pm
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RBC Capital analyst Matthew Hedberg reaffirmed an Outperform rating on Nutanix and raised the price target from $47 to $54, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst typically signals a strong conviction in the company's future performance and growth potential. This can lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100