Piper Sandler raised the firm’s price target on Nutanix (NTNX) to $88 from $83 and keeps an Overweight rating on the shares. The firm notes shares are pointed higher by more than 10% after-hours following lead metrics accelerating materially, sales upside, VMware contribution with large customers increasing, free cash flow moving higher, NRR stabilizing, and more. This was a very “clean quarter” and there was a lot to like, Piper adds.
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