Nutanix, Inc. $NTNX Current price: $41.98 Target price: $4 | 🚀 Robin Rocket

Nutanix, Inc. $NTNX

Current price: $41.98
Target price: $45-46

Nutanix, Inc. is a cloud computing company that develops and provides hyper-converged infrastructure (HCI) software, cloud services, and storage software.

Nutanix shares are ​​up 37% YTD, significantly outperforming the market.

New products and partnerships with companies such as Lenovo provide Nutanix with great growth opportunities in the future.

At the start of FY2021, Nutanix made a terrific decision to incentivize its sales force based on ACV rather than TCV.

Nutanix has a formal gross margin of over 80%, which is impossible for other SaaS companies (especially when you consider that Nutanix previously relied on low-margin hardware to generate a significant portion of its income).

Not an investment recommendation.