RBC Capital maintained its Outperform rating and $80.00 price target on Nutanix (NASDAQ:), following the company’s strong quarterly results that exceeded expectations. The company reported a robust pipeline of larger deals, including a significant eight-figure contract, and benefited from strategic moves like the partnership with Cisco (NASDAQ:). Despite uncertainties around deal closures and sales cycles, Nutanix’s growth strategy and market opportunities continue to inspire confidence. InvestingPro data highlights the company’s impressive financial metrics, such as a high gross profit margin of 83.85% and revenue growth of 18.12%. With liquid assets exceeding short-term obligations and strong investor confidence reflected in the stock’s performance, Nutanix shows promise for continued success in the cloud computing industry. Investors can access additional tips on Nutanix from InvestingPro to make well-informed investment decisions.
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https://www.investing.com/news/company-news/nutanix-shares-maintain-price-target-outperform-rating-with-upbeat-quarter-93CH-3464060
