Nutanix Inc Gets a Buy Rating from Oppenheimer

By Carrie Williams

In a report released today, Ittai Kidron from Oppenheimer assigned a Buy rating to Nutanix Inc (NASDAQ: NTNX), with a price target of $34. The company’s shares closed yesterday at $25.81.

Kidron observed:

“We met with Nutanix’s management this week and come away comfortable that market trends are stable. We believe: (1) competitive headwinds are largely unchanged (mostly VMware VSAN and Dell/EMC VxRail) and that Nutanix’s OEM partnerships continue to add positively; (2) Nutanix is increasingly leveraging its software strengths to show its TCO advantages and use case breadth; (3) that use case expansion into data replication (Xi-Cloud with Google; 1H-CY18 launch) and CALM (application centric automation; by year-end CY17) are on track; and (4) that DRAM challenges persist, but are budgeted for and unlikely to be a source of downside margin pressure. Overall, we continue to see Nutanix keeping its technology edge with HCI, while building out other avenues to extend value/TAM (Xi- Cloud/CALM).”

According to, Kidron is a 4-star analyst with an average return of 6.5% and a 55.0% success rate. Kidron covers the Consumer Goods sector, focusing on stocks such as Brocade Communication Systems Inc, Hewlett Packard Enterprise, and Advanced Micro Devices.

Currently, the analyst consensus on Nutanix Inc is Strong Buy and the average price target is $31.09, representing a 20.5% upside.

In a report issued on October 10, William Blair also reiterated a Buy rating on the stock.

The company has a one-year high of $34.96 and a one-year low of $14.38. Currently, Nutanix Inc has an average volume of 4.3M.

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Nutanix, Inc. provides enterprise virtualization and storage solutions. It specializes in cloud operating system that converges traditional silos of server, virtualization, storage, and networking into one integrated solution and unifies private and public cloud into a single software fabric. Its products are offered through the Acropolis and Prism brands.