Analysts’ Top Technology Picks: COUP, NTNX

By Carrie Williams

Analysts fell to the sidelines weighing in on Coupa Software Inc (NASDAQ: COUP) and Nutanix Inc (NASDAQ: NTNX) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.

Coupa Software Inc (NASDAQ: COUP)

Morgan Stanley analyst Stan Zlotsky maintained a Hold rating on Coupa Software Inc (NASDAQ: COUP) today and set a price target of $49. The company’s shares opened today at $49.57, close to its 52-week high of $50.69.

According to TipRanks.com, Zlotsky is a 4-star analyst with an average return of 24.2% and a 73.9% success rate. Zlotsky covers the Technology sector, focusing on stocks such as Veeva Systems, Sendgrid Inc, and Bazaarvoice.

Currently, the analyst consensus on Coupa Software Inc is Strong Buy and the average price target is $52.57, representing a 6.1% upside.

In a report released today, JMP Securities also downgraded the stock to Hold.
Nutanix Inc (NASDAQ: NTNX)

In a report released today, Kathryn Huberty from Morgan Stanley maintained a Hold rating on Nutanix Inc (NASDAQ: NTNX), with a price target of $52. The company’s shares opened today at $52.70, close to its 52-week high of $53.67.

According to TipRanks.com, Huberty is a 5-star analyst with an average return of 12.5% and a 65.1% success rate. Huberty covers the Consumer Goods sector, focusing on stocks such as Air Products and Chemicals, Hewlett Packard Enterprise, and Electronics for Imaging.

Currently, the analyst consensus on Nutanix Inc is Strong Buy and the average price target is $53.47, representing a 1.5% upside.

In a report issued on March 2, Susquehanna also reiterated a Hold rating on the stock with a $35 price target.

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