Market Overview

Quiet Period Expiration Releases Flood Of New Analyst Coverage On Nutanix

Share:
Quiet Period Expiration Releases Flood Of New Analyst Coverage On Nutanix

Nutanix Inc (NASDAQ: NTNX), a provider of an enterprise cloud platform, saw its shares trade for the first time on the public market on September 30. Nutanix's stock opened trading at $26.50 after pricing its IPO at $16 per share.

On Wednesday, shares opened at $29.40, and after one hour, the stock lost more than 1 percent to trade at $28.81.

After a stock begins trading on a public exchange, banks that participated in the initial public offering are not permitted to issue ratings or guidance on the very same stock they helped issue for a period of 10 days, although most banks typically wait 25 days.

Nutanix's quiet period ended this week, and many Wall Street research firms released their initial take on the stock and its outlook.

Here is a summary of research firms and banks that initiated coverage of Nutanix:

  • Credit Suisse: Outperform rating, $38 price target.
  • Goldman Sachs: Neutral rating, $30 price target.
  • JPMorgan: Neutral rating, $33 price target.
  • Morgan Stanley: Equal-Weight rating, $27 price target.
  • Needham: Buy rating, $36 price target.
  • Piper Jaffray: Overweight rating, $36 price target.
  • Raymond James: Market Perform rating.
  • RBC Capital Markets: Outperform rating, $36 price target.
  • Stifel Nicolaus: Hold rating.
  • William Blair: Outperform rating.

At last check, Nutanix was trading flat on the day at $29.12.

Latest Ratings for NTNX

DateFirmActionFromTo
Dec 2020Morgan StanleyMaintainsEqual-Weight
Dec 2020OppenheimerUpgradesPerformOutperform
Nov 2020Morgan StanleyMaintainsEqual-Weight

View More Analyst Ratings for NTNX
View the Latest Analyst Ratings

 

Related Articles (NTNX)

View Comments and Join the Discussion!

Posted-In: cloud cloud computingAnalyst Color Long Ideas Initiation Analyst Ratings Tech Trading Ideas Best of Benzinga

Latest Ratings

StockFirmActionPT
IIVICitigroupMaintains110.0
DEBMO CapitalMaintains400.0
PRITruist SecuritiesMaintains165.0
SHAKJP MorganMaintains70.0
MABarclaysMaintains380.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com