Nutanix price target raised to $71 from $52 at Northland

Northland raised the firm’s price target on Nutanix (NTNX) to $71 from $52 and keeps an Outperform rating on the shares. Anecdotal stories shared by management highlight that the VMWare (AVGO) share gain opportunity is a “de minimis contributor today” but that it is starting, while the company’s raised guidance is “likely conservative,” the analyst tells investors.