Despite Downgrade, Vetr Crowd Remains Bullish On Nutanix After Analyst Nod
The Vetr crowd on Wednesday downgraded its rating on Nutanix, Inc. (NASDAQ;NTNX) from 5 stars (Strong Buy), issued 372 days ago, to 3.5 stars (Buy). Crowd sentiment at the time of the downgrade was still generally positive, with 66 percent of Vetr user ratings bullish.
Vetr's downgrade was spurred on by a 14.4 percent jump in share price following a recent note on the cloud data company from analysts with William Blair. The note indicated strong reseller data on the adoption of Nutanix products as the firm's reasoning behind increasing its price target to $34.
Shares of Nutanix were up to 2$6.66 by the end of Wednesday's session, finishing the day up by more than 4 percent
See how crowdsourced ratings could help you time the market.
Currently, the Vetr crowd's average price target on Nutanix is up at $27.22, which is still well below the average analyst price target of $33.17. Less than 2 percent of Vetr users are holding NTNX in their watch-lists.
Latest Ratings for NTNX
Sep 2017 | Bank of America | Maintains | Buy | |
Aug 2017 | Jefferies | Initiates Coverage On | Buy | |
Jul 2017 | Goldman Sachs | Maintains | Buy | Buy |
View More Analyst Ratings for NTNX
View the Latest Analyst Ratings
See more from Benzinga
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
