RBC Capital Maintains Outperform on Nutanix, Raises Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Matthew Hedberg has maintained an 'Outperform' rating on Nutanix (NASDAQ:NTNX) and increased the price target from $70 to $75.
August 29, 2024 | 2:25 pm
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RBC Capital has reaffirmed its 'Outperform' rating for Nutanix and increased the price target to $75, indicating confidence in the company's future performance.
The increase in price target from $70 to $75 by RBC Capital suggests a positive outlook on Nutanix's future performance. The 'Outperform' rating indicates that the analyst expects the stock to perform better than the market average, which could lead to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100