Nutanix price target raised to $40 from $35 at Piper Sandler

Piper Sandler analyst James Fish raised the firm’s price target on Nutanix to $40 from $35 and keeps an Overweight rating on the shares. The company reported its first “clean-quarter” since fiscal Q1 and announced a buyback plan, the analyst tells investors in a research note. The firm says Nutanix guided for low-teens growth that was “materially better-than-feared.” The company remains Piper’s top infrastructure pick.