Morgan Stanley Upgrades Nutanix to Overweight, Raises Price Target to $72
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has upgraded Nutanix (NASDAQ:NTNX) from Equal-Weight to Overweight and increased the price target from $71 to $72.
October 28, 2024 | 11:41 am
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POSITIVE IMPACT
Morgan Stanley has upgraded Nutanix from Equal-Weight to Overweight, indicating a positive outlook on the stock. The price target has been slightly increased from $71 to $72.
The upgrade from Equal-Weight to Overweight by Morgan Stanley suggests increased confidence in Nutanix's performance, likely leading to a positive short-term impact on the stock price. The slight increase in the price target further supports this positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100