RBC Capital analyst Matthew Hedberg maintained a Buy rating on Nutanix (NASDAQ:NTNX) on Wednesday, setting a price target of $29, which is approximately 25.43% above the present share price of $23.12.
Hedberg expects Nutanix to post earnings per share (EPS) of -$0.93 for the fourth quarter of 2020.
The current consensus among 11 TipRanks analysts is for a Moderate Buy rating of shares in Nutanix, with an average price target of $27.5.
The analysts price targets range from a high of $35 to a low of $18.
In its latest earnings report, released on 07/31/2020, the company reported a quarterly revenue of $327.87 million and a net profit of -$171.35 million. The company's market cap is $4.67 billion.
According to TipRanks.com, RBC Capital analyst Matthew Hedberg is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 29.4% and a 78.06% 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.