Nutanix (NTNX – Research Report), the Technology sector company, was revisited by a Wall Street analyst yesterday. Analyst Wamsi Mohan from Bank of America Securities reiterated a Buy rating on the stock and has a $95.00 price target.
Wamsi Mohan has given his Buy rating due to a combination of factors that highlight Nutanix’s strong financial performance and strategic positioning. The company delivered better-than-expected results in the recent quarter, with notable growth in new customer acquisitions and strength across various customer segments, including significant partnerships that are contributing to this growth.
Additionally, Nutanix has raised its guidance for fiscal year 2025 across key metrics such as revenue, operating margin, and free cash flow, indicating confidence in its future performance. The company also continues to see competitive wins against major players like VMware and is benefiting from strategic partnerships with companies like Cisco and Red Hat. These factors, combined with an increase in the price objective to $95, support the Buy rating as Nutanix is well-positioned for continued growth and market share gains.
NTNX’s price has also changed moderately for the past six months – from $52.930 to $69.350, which is a 31.02% increase.
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