Nutanix Gets Price Target Bumps By Analysts Following Upbeat Q3 Results, Shares Surge

Nutanix, Inc. NTNX reported better-than-expected earnings for its third quarter.

Nutanix posted adjusted earnings of 4 cents per share, beating market estimates of 3 cents per share. The company’s quarterly sales came in at $448.58 million, surpassing expectations of $432.91 million.

Nutanix shares rose 16.1% to $29.49 in today’s pre-market trading session.

These analysts made changes to their price targets on Nutanix following earnings announcement.

  • Keybanc raised the price target on Nutanix from $33 to $38. Keybanc analyst Michael Turits maintained an Overweight rating.
  • Barclays increased the price target on Nutanix from $34 to $38. Barclays analyst Tim Long maintained an Overweight rating.

 

Now Read This: Investor Sentiment Drops Further After Dow Falls For Fourth Straight Session

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsPrice TargetPre-Market OutlookMarketsAnalyst RatingsTrading IdeasPT Changes
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!