StockNews.com Issues ‘Buy’ Rating on Nutanix, Citing Growth … – Best Stocks

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