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.
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.
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