Nutanix has multiple positive growth levers, according to Bank of America. The company recently launched its 'GPT-In-A-Box' platform.
Nutanix has a promising multilever growth story, according to Bank of America. Analyst Wamsi Mohan upgraded shares to buy from neutral. He also increased his price target to $50 from $39, suggesting 48.1% upside potentially from Wednesday's close. "We see fundamentals improving over the next few years including ACV billings, revenue, and operating margin.
The partnership will combine "the Nutanix cloud platform with Cisco's UCS compute, cloud management, networking and security," said the analyst. "NTNX will benefit from Cisco's extensive go-to-market reach as it sells NTNX's hybrid multi-cloud software." Mohan thinks the company could also benefit from Broadcom's upcoming acquisition of cloud computing peer VMware.
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