Analyst Expectations for Nutanix's Future
Portfolio Pulse from Benzinga Insights
Analysts have recently provided ratings for Nutanix (NASDAQ:NTNX), with 3 bullish, 5 somewhat bullish, and 3 indifferent ratings in the last quarter. The 12-month average price target for Nutanix is $46.55, with a high of $54.00 and a low of $38.00. This target has increased by 15.8% over the past month. Analysts typically rate stocks each quarter and may also provide growth estimates, earnings, and revenue forecasts.
November 30, 2023 | 6:00 pm
News sentiment analysis
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POSITIVE IMPACT
Analysts have a generally positive outlook on Nutanix with 8 out of 11 ratings being bullish or somewhat bullish. The average 12-month price target has increased by 15.8% over the past month, indicating a positive sentiment.
The positive analyst ratings and the significant increase in the average price target suggest a bullish sentiment towards Nutanix's stock in the short term. As analyst ratings can influence market perceptions and investment decisions, this could lead to a short-term increase in the stock price.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100