Nutanix rises after brokerages raise PT

Nutanix

24/05/2024 16:44

** Shares of cloud services company Nutanix  NTNX.O  rise
1.9% to $72.80
    ** Barclays raises PT to $81 from $68, J.P. Morgan lifts it
to $80 from $70 - LSEG data
    ** Barclays sees "continued share gains and expanding
pipelines as well as increased private cloud repatriation"
    ** J.P. Morgan sees continued strength in demand for co from
core existing customers and from emerging VMware-related
opportunities and Cisco partnership
    ** Three brokerages rate stock "strong buy", 12 "buy" and
three "hold"; their median PT is $71 - LSEG data
    ** Stock has risen 52% YTD

 (Reporting by Aatreyee Dasgupta)
 ((Aatreyee.Dasgupta@thomsonreuters.com))