Nutanix has been initiated with a Buy rating by UBS analyst Jeff Hickey, who set a price target of $81. The firm anticipates Nutanix could capture $400M from VMware acquisition disruptions, supporting a projected $3.1B in annual recurring revenue for fiscal 2027, surpassing market expectations. UBS highlights Nutanix's strong position in hyper-converged infrastructure software, which is expected to see continued double-digit growth in the coming years.
Nutanix has been initiated with a Buy rating by UBS analyst Jeff Hickey, who set a price target of $81. The firm anticipates Nutanix could capture $400M from VMware acquisition disruptions, supporting a projected $3.1B in annual recurring revenue for fiscal 2027, surpassing market expectations. UBS highlights Nutanix's strong position in hyper-converged infrastructure software, which is expected to see continued double-digit growth in the coming years.
Advisors Asset Management Inc. increased its Nutanix holdings by 150.7% in Q3, owning 534 shares valued at $32,000, while Signaturefd LLC grew its position by 57.8% to 956 shares worth $57,000. Institutional investors hold 85.25% of Nutanix stock, which has a "Moderate Buy" rating and an average target price of $79.00. Recent insider sales included CFO Rukmini Sivaraman and COO David Sangster, who reduced their stakes.
UBS has initiated coverage of Nutanix with a Buy rating and a price target of $81, highlighting its strong position in hyperconverged infrastructure software. Currently trading at $64.78, Nutanix is expected to capture significant market share due to disruptions from a recent VMware acquisition, aiming for an annual recurring revenue of $3.1 billion by FY27. The company has shown robust revenue growth of 14.86% and gross profit margins of 85.44%, positioning it well to benefit from ongoing demand for on-premise data center investments amidst a growing market.
UBS has initiated coverage of Nutanix with a Buy rating and a price target of $81, highlighting its strong position in hyperconverged infrastructure software. Currently trading at $64.78, Nutanix is expected to capture significant market share due to disruptions from a recent VMware acquisition, aiming for an annual recurring revenue of $3.1 billion by FY27. The company has shown solid revenue growth of 14.86% and gross profit margins of 85.44%, positioning it well in a market projected for continued double-digit growth.
UBS analyst Jeff Hickey has initiated coverage on Nutanix (NASDAQ: NTNX) with a Buy rating and set a price target of $81.00. This marks a positive outlook for the company in the current market landscape.
DevRev has raised $100.8 million in Series A funding, achieving a valuation of $1.15 billion, to enhance its mission of transforming customer support and product development through AI-native solutions. The company’s AgentOS platform integrates seamlessly with existing systems, enabling organizations to leverage Knowledge Graphs for improved operational efficiency and customer experience. Founded in 2020 by Dheeraj Pandey and Manoj Agarwal, DevRev aims to connect developers directly with customers, breaking down traditional silos in enterprise software.
The global hyperconvergence infrastructure market, valued at $13.26 billion in 2022, is projected to grow at a CAGR of 26.99% from 2023 to 2030, driven by increasing demand for data security, recovery, and data center consolidation. North America is expected to dominate the market, with large enterprises and the IT and telecommunications sectors holding significant shares. Major players include Dell, Nutanix, and IBM, focusing on mergers and acquisitions to enhance their offerings.
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