Needham Maintains Buy on Nutanix, Raises Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Mike Cikos has reaffirmed a Buy rating on Nutanix (NASDAQ:NTNX) and increased the price target from $54 to $62, indicating a positive outlook on the company's stock.
January 17, 2024 | 5:35 pm
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POSITIVE IMPACT
Needham analyst Mike Cikos maintains a Buy rating on Nutanix and raises the price target from $54 to $62, suggesting confidence in the company's growth prospects.
The increase in price target by Needham reflects a bullish stance on Nutanix's future performance and may lead to increased investor confidence, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100