Bank of America (NYSE:BAC) Securities analyst Wamsi Mohan reiterated a Buy rating on Nutanix (NASDAQ:NTNX) on Wednesday, setting a price target of $54, which is approximately 46.30% above the present share price of $36.91.
Mohan expects Nutanix to post earnings per share (EPS) of -$0.60 for the third quarter of 2021.
The current consensus among 11 TipRanks analysts is for a Moderate Buy rating of shares in Nutanix, with an average price target of $47.56.
The analysts price targets range from a high of $61 to a low of $39.
In its latest earnings report, released on 04/30/2021, the company reported a quarterly revenue of $344.51 million and a net profit of -$180.57 million. The company's market cap is $7.81 billion.
According to TipRanks.com, Bank of America Securities analyst Wamsi Mohan is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 11.4% and a 58.49% success rate.
Nutanix, Inc. engages in the provision of 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. The company was founded by Dheeraj Pandey, Ajeet Singh, and Mohit Aron in 2009 and is headquartered in San Jose, CA.