Barclays Maintains Overweight on Nutanix, Raises Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Tim Long maintains an Overweight rating on Nutanix and raises the price target from $71 to $75.
August 29, 2024 | 12:58 pm
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Barclays analyst Tim Long has increased the price target for Nutanix from $71 to $75 while maintaining an Overweight rating. This suggests a positive outlook for Nutanix's stock performance.
The increase in price target from $71 to $75 by Barclays, along with maintaining an Overweight rating, indicates a positive sentiment from the analyst. This is likely to boost investor confidence and could lead to a short-term increase in Nutanix's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100