RBC Capital analyst Matthew Hedberg raised the firm’s price target on Nutanix (NTNX) to $95 from $83 and keeps an Outperform rating on the shares. The company delivered a strong quarter with outperformance across the board highlighted by accelerating annual recurring revenue – ARR – growth and new logos, along with raised FY guidance, the analyst tells investors in a research note. Momentum continues to build around new logo incentive programs, VMware replacement interest, and OEM partnerships, the firm added.
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