Keybanc Maintains Overweight on Nutanix, Raises Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Thomas Blakey has maintained an Overweight rating on Nutanix (NASDAQ:NTNX) and increased the price target from $51 to $60.
January 18, 2024 | 12:53 pm
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Keybanc analyst Thomas Blakey maintains an Overweight rating on Nutanix and raises the price target from $51 to $60, indicating a positive outlook on the stock.
The increase in price target by Keybanc suggests a bullish view on Nutanix's future performance. This could lead to increased investor confidence and a potential short-term rise in the stock price, as market participants often react positively to analyst upgrades and higher price targets.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100