Skip to main content

Market Overview

Nutanix Shares Rally As Goldman Adds To 'Conviction Buy' List

Nutanix Shares Rally As Goldman Adds To 'Conviction Buy' List

Goldman Sachs analyst Simona Jankowski sees a lot to like about Nutanix Inc (NASDAQ: NTNX); she added the Buy-rated stock to Goldman's Conviction List and eyes a 53 percent return.

“We view Nutanix, the leader in hyperconverged infrastructure, as a once-in-a-decade tech infrastructure story that should benefit from a long runway of double-digit growth, high gross margins, and significant operating leverage,” she said. “We also view it as a scarce asset that could be a candidate for M&A.”

3 Growth Catalysts To Watch For

    1. IT spending intentions are reaching record highs, and 18 percent of CIO’s are expected to move to hyperconverged appliances in the next two years (penetration is currently only at 3 percent).
    2. According to Jankowski, July VAR survey showed hyper converged infrastructure as the strong category of spend.
    3. The adoption of Nutanix’s FASB 2014-09 Topic 606 in August should improve the company’s revenue growth and profitability.


Overall, Janikowski believes the company could be worth as much as $36 per share if it were just a software company, but she set a $31 price target. Based on the 12 best performing analysts at Tipranks, the average price target is $30.63.

Nutanix was trading up 9.82 percent at $22.26, during Friday's pre-market session. To read the latest news and coverage on Nutanix check out the Benzinga Pro news feed.

Related Links:

How Bad Has The Blue Apron IPO Been? Some Perspective On High-Profile IPO Opens

Key Takeaways From The Nutanix NEXT Conference

Latest Ratings for NTNX

Apr 2021Morgan StanleyMaintainsEqual-Weight
Feb 2021Morgan StanleyMaintainsEqual-Weight
Feb 2021NeedhamMaintainsBuy

View More Analyst Ratings for NTNX
View the Latest Analyst Ratings


Related Articles (NTNX)

View Comments and Join the Discussion!

Posted-In: Analyst Color Long Ideas News Price Target Initiation Analyst Ratings Movers Tech Best of Benzinga

Latest Ratings

OSPNSidoti & Co.Upgrades39.0
PLTSidoti & Co.Upgrades48.0
LRCXArgus ResearchMaintains725.0
ROSTLoop CapitalMaintains145.0
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.
Everything you need to know about the latest SPAC news.
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