Guggenheim initiates coverage on Nutanix with Buy rating and $100 price target
Guggenheim Research began coverage of Nutanix Inc. with a Buy recommendation and a $100.00 price target, citing the company's potential as a VMware replacement. The firm projects 17% total revenue growth for the current year, above consensus estimates, and highlights an 86.93% gross profit margin over the last twelve months. The coverage launch prompted the stock to rise around 1.5% in trading.
Why it matters
The initiation and $100 target suggest a higher valuation for Nutanix, which could lift the share price as investors adjust expectations. Guggenheim’s 17% revenue growth forecast signals stronger top‑line performance than consensus, potentially influencing analyst estimates and investor sentiment.
Key facts
- 1Guggenheim initiated coverage on Nutanix with a Buy rating and a price target of $100.00. investing.com
- 2The firm expects Nutanix to achieve 17% total revenue growth this year, compared with consensus estimates of 13%. investing.com
- 3Nutanix reported a gross profit margin of 86.93% over the last twelve months. investing.com
- 4Nutanix’s market capitalization is $19.1 billion. investing.com
- 5Shares rose about 1.6% after the coverage initiation. investing.com
- 6The stock reached a session high of $72.42. investing.com
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.