Nutanix Q1 Preview: Likely Gaining Shares From VMware; 'Strong Buy'
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Nutanix is expected to gain market share from VMware due to Broadcom's changes, with a 'Strong Buy' rating and a $90 target price. Nutanix's growth is driven by partnerships with Dell, Cisco, and Nvidia, and its solutions on Azure and AWS platforms. The company is focusing on up-market and AI offerings, projecting an 18% organic revenue increase.
November 25, 2024 | 6:00 am
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NEGATIVE IMPACT
VMware may lose market share to Nutanix due to Broadcom's changes, potentially impacting its competitive position.
The article suggests that Nutanix is set to gain significant market share from VMware, driven by Broadcom's changes. This could negatively impact VMware's competitive position in the market.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Nutanix is expected to gain market share from VMware, driven by strategic partnerships and new AI offerings, with a 'Strong Buy' rating and a $90 target price.
Nutanix is projected to gain market share from VMware due to Broadcom's changes. The company's strong ACV and ARR growth, driven by partnerships with major tech companies and its solutions on leading cloud platforms, supports a positive outlook. The focus on up-market and AI offerings is expected to accelerate revenue growth, justifying the 'Strong Buy' rating and $90 target price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100