EU: Nutanix (NTNX) Stock Has Just Had Its “Underweight” Rating Reiterated by JP Morgan. Shares now Have a $37 Target

March 14, 2018 - By Clifton Ray

 EU: Nutanix (NTNX) Stock Has Just Had Its

Nutanix (NTNX) Rating Reaffirmed

Nutanix (NTNX) just had their share rating of a ‘”Underweight”‘ issued by research analysts at JP Morgan, who now has a $37 TP on the $8.76B market cap company or a -32.23 % downside potential. This key information was revealed to clients and investors in a research report on Tuesday morning.

Nutanix, Inc. (NASDAQ:NTNX) Ratings Coverage

Among 24 analysts covering Nutanix (NTNX), 20 have Buy rating, 2 Sell and 2 Hold. Therefore 83% are positive. Nutanix has $61.0 highest and $1900 lowest target. $43.70’s average target is -19.96% below currents $54.6002 stock price. Nutanix had 91 analyst reports since September 30, 2016 according to SRatingsIntel. The stock has “Buy” rating by Needham on Tuesday, March 13. Robert W. Baird initiated Nutanix, Inc. (NASDAQ:NTNX) on Tuesday, October 25 with “Outperform” rating. The stock has “Outperform” rating by RBC Capital Markets on Tuesday, October 25. On Friday, July 14 the stock rating was upgraded by Goldman Sachs to “Conviction Buy”. The rating was upgraded by Raymond James to “Outperform” on Monday, November 6. The stock of Nutanix, Inc. (NASDAQ:NTNX) has “Neutral” rating given on Tuesday, October 25 by JP Morgan. The firm has “Buy” rating given on Friday, March 2 by RBC Capital Markets. On Monday, May 22 the stock rating was upgraded by Goldman Sachs to “Buy”. The stock has “Neutral” rating by Goldman Sachs on Tuesday, October 25. The rating was initiated by Morgan Stanley on Tuesday, October 25 with “Equal-Weight”.

The stock increased 2.94% or $1.5602 during the last trading session, reaching $54.6002. About 5.42 million shares traded or 31.22% up from the average. Nutanix, Inc. (NTNX) has 0.00% since March 14, 2017 and is . It has underperformed by 16.70% the S&P500.

Analysts await Nutanix, Inc. (NASDAQ:NTNX) to report earnings on May, 24. They expect $-0.44 earnings per share, up 42.86 % or $0.33 from last year’s $-0.77 per share. After $-0.40 actual earnings per share reported by Nutanix, Inc. for the previous quarter, Wall Street now forecasts 10.00 % negative EPS growth.

Nutanix, Inc., together with its subsidiaries, provides an enterprise cloud operating system in North America, Europe, the Asia-Pacific, the Middle East, Latin America, and Africa. The company has market cap of $8.76 billion. The Company’s cloud operating system converges traditional silos of server, virtualization, storage, and networking into one integrated solution; and unifies private and public cloud into a single software fabric. It currently has negative earnings. The companyÂ’s software products include Acropolis, which comprises Distributed Storage Fabric that replaces traditional storage arrays and delivers enterprise-grade data management across a range of storage protocols to support various enterprise applications, including virtualized and non-virtualized applications; and Application Mobility Fabric that enables enhanced levels of application placement, conversion, and migration across various hypervisors and public clouds.

More notable recent Nutanix, Inc. (NASDAQ:NTNX) news were published by: which released: “Stiff Competition Could Sink Nutanix Stock” on February 14, 2018, also with their article: “Global 2000 Companies Will Be ‘Core Driver’ For Nutanix’s $3B Billings Target …” published on March 13, 2018, published: “Nutanix Announces Definitive Agreement to Acquire Netsil” on March 12, 2018. More interesting news about Nutanix, Inc. (NASDAQ:NTNX) were released by: and their article: “Nutanix stock gains after BTIG upgrades to buy” published on March 09, 2018 as well as‘s news article titled: “Nutanix powers on in software transition” with publication date: March 02, 2018.

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