Nutanix up 3% after positive coverage

|About: Nutanix (NTNX)|By:, SA News Editor

Higher revenue growth means the company's relatively perky valuation makes sense, says analyst Wamsi Mohan, starting Nutanix (NTNX +3.3%) with a Buy rating. The $27 price target suggests more than 50% upside from yesterday's close.

Industry consolidation might also be a positive catalyst.