Needham Maintains Buy on Nutanix, Raises Price Target to $72
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Mike Cikos maintains a Buy rating on Nutanix (NTNX) and raises the price target from $62 to $72.
February 29, 2024 | 1:32 pm
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POSITIVE IMPACT
Needham analyst Mike Cikos reaffirms a Buy rating on Nutanix and increases the price target to $72.
The upgrade in the price target by a reputable analyst like Mike Cikos signals a strong confidence in Nutanix's future performance. This is likely to positively influence investor sentiment and could lead to a short-term increase in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100