KeyBanc starts Nutanix at Overweight, sees most catalysts among peers

As previously reported, KeyBanc initiated coverage of Nutanix (NTNX) with an Overweight rating and $95 price target The firm sees the company with the most positive catalysts ahead relative to its peer group and also believes that Nutanix is critical for future Enterprise cloud migrations, with competitive dynamics improving the company’s position in the next two to three years, the analyst tells investors in a research note. KeyBanc adds that the company’s consistent execution by management and improving margin profile support its positive outlook and premium valuation on the stock.