Daily Archives: May 20, 2023

Stock analysts at StockNews.com have now commenced coverage on Nutanix (NASDAQ:NTNX) in their latest report, published on Thursday. In what could be exciting news for investors, the team has issued a buy rating on the technology companys stock.

Nutanix is a multinational technology company that provides software and hardware solutions for cloud computing applications. The firm was incorporated in 2009 and has since grown to become an industry leader, providing a wide range of services to businesses across the globe.

The StockNews.com report highlights Nutanixs impressive growth potential, with the firm expected to capitalize on the booming cloud computing market. The rise of remote work and digitization of businesses amid the COVID-19 pandemic has brought cloud adoption to the forefront of many organizations agendas.

This newfound focus on cloud-based applications is expected to fuel demand for Nutanixs products and services in the coming years, boosting profitability and revenue growth. Additionally, increased spending on IT infrastructure by governments and corporates worldwide bodes well for Nutanixs long-term prospects.

But as with any investment opportunity, there are risks involved. The StockNews.com team acknowledges that competition in the industry remains intense from companies like Microsoft, Amazon Web Services (AWS), Google Cloud Platform(GCP), Oracle Corporation(OCI), IBM Bluemix among others. Further downside risk could come from any possible cyberattack or data breach incidents which can damage both reputation and profitability.

In conclusion, this new coverage by StockNews.com on Nutanix (NASDAQ:NTNX) is a positive sign for investors looking for growth opportunities in technology stocks. With its strong position in the cloud computing market combined with an enviable track record of strong financials since going public in 2016, Nutanix stands poised to capture significant growth opportunities in the years ahead. Of course, investors must weigh up all factors positive or negative before making an informed decision on whether to invest or not.

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Nutanix, a cloud platform provider, has recently been the subject of multiple research reports by top analysts in the industry. According to Needham & Company LLC, the stock should be bought as it is predicted to reach a target price of $33.00 per share. Susquehanna concurs with this sentiment and rates it positively, stating their own projected target price of $34.00 per share. Finally, Royal Bank of Canada suggested an outperform rating and a price target of $33.00 per share.

Despite some hold ratings from four equities research analysts, eight have assigned a buy rating to the companys stock. Even with these varying opinions and insights into Nutanixs market performance, Bloomberg.com cites the stock as having a consensus rating of Moderate Buy and an average price target of $31.92.

Examining its recent opening at $26.27 per share on Thursday, one can see that Nutanix has seen significant fluctuations within its 52-week high and low range at $33.73 and $13.44 per share respectively.

Nutanix operates through web-scale engineering and consumer-grade design to offer cutting-edge cloud solutions for enterprise infrastructure needs for companies around the world from their San Jose-based headquarters.

As potential investors consider Nutanix given the reports from analysts both in favor and against buying shares, many will look at other factors such as market capitalization, P/E ratio and beta rate which stands at approximately 1.36 indicating higher volatility in comparison to the general market.

While opinions may differ regarding this technology companys future prospects among prominent financial firms or investment houses alone are not enough reason for lay persons to make rash decisions about investing their savings in any equity-specific venture without thorough analysis and appropriate financial planning according to individual circumstances always advised by experts in relevant fields before taking significant investment steps such as stock purchasing or selling decisions or engaging with financial tools such as mutual funds or investment portfolios.

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StockNews.com Issues 'Buy' Rating on Nutanix, Citing Growth ... - Best Stocks

(Bloomberg) If you want to catch the brisk recovery rally in tech stocks this year, youd better buy shares exposed to artificial intelligence, such as Nvidia Corp., or cloud computing and avoid the popular behemoths like Apple Inc., Google-parent Alphabet Inc. and Meta Platforms Inc.

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Thats the view of Zehrid Osmani, manager of Franklin Templetons $158 million FTGF Martin Currie Global Long-Term Unconstrained Fund, which is beating 96% of peers in 2023 with returns of about 15% versus an 8% gain in the MSCI All-Country World Index, according to data compiled by Bloomberg. Nvidia, one of the biggest beneficiaries of AI-related demand, Dutch semiconductor firm ASML Holding NV and Microsoft Corp. rank among the funds biggest holdings.

While Osmani is overweight the tech sector as a whole, hes notably staying away from Apple, Alphabet, Facebook-owner Meta and Netflix Inc. as theyre more directly exposed to the consumer, the fund manager said in an interview in London. They also score poorly on the funds fundamental metrics scale, which includes themes such as infrastructure, green and alternative energy and electric transportation.

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Tech is still attractive as we think the Federal Reserve is done hiking rates, although we dont expect rate cuts, Osmani said. But you have to look at it through different segments rather than invest across Big Tech.

The fund manager is among a chorus of market participants bullish on AI-related stocks. An analysis by Societe Generale SA strategists found that, without the hype around AI, the S&P 500 index would be lower this year instead of having gained 8%. The team at Goldman Sachs Group Inc. said AI-related shares now offer the biggest potential long-term support for US profit margins.

Banks Unattractive

Osmani is also staying away from banks globally, despite cheaper valuations. The sudden collapse of a slate of US regional banks since March has roiled the sector and prompted investors to slash allocation to financials at a pace not seen since before the global financial crisis, according to Bank of America Corp.s latest global fund manager survey.

Banking is an industry that has high competitive pressures, diminishing barriers to entry, low pricing power and is facing a higher risk of disruption, Osmani said. All of which leads us to believe that the industry dynamics arent attractive.

With assistance from Ksenia Galouchko.

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Top-Performing Fund Manager Bets on AI, Cloud Tech; Shuns Apple - Financial Post