Why Nutanix Stock Gained 27.3% in October
Shares of Nutanix (NASDAQ: NTNX) gained 27.3% last month, according to data provided by S&P Global Market Intelligence, as two analysts weighed in with favorable coverage of the enterprise software company.
Image source: Nutanix.
Nutanix stock benefited from favorable analyst coverage in October. Shares climbed roughly 10% on October 10 following the release of bullish notes from analysts from William Blair and Jefferies. These reports highlighted customer satisfaction and a move to a software-only business model as positive catalysts, and came on the heels of a strong earnings report in August that saw fourth-quarter sales increase 62% year over year and full-year sales increase 75% year over year.
Source: Fool.com
Nutanix Inc. Stock
€45.51
0.400%
With 40 Buy predictions and not a single Sell prediction Nutanix Inc. is an absolute favorite of our community.
With a target price of 62 € there is a positive potential of 36.23% for Nutanix Inc. compared to the current price of 45.51 €.
