Nutanix is a ‘once-in-a-decade’ opportunity, says Goldman Sachs

Shares of Nutanix Inc. closed up 9% Friday after Goldman Sachs added the stock to their conviction list, saying it has an estimated 53% return potential to their $31 price target.

Nutanix NTNX, +9.13% is poised for growth as the leader in hyperconverged infrastructure, meaning it uses software to combine different storage and computing function on one device, the analysts said. That space has been heating up among enterprises, and Nutanix will likely also see a boon as its adapts to new accounting rules in August.

More businesses are looking to adapt the technology, with 18% of chief information officers saying they expected to move to hyperconverged systems in the next two years, according to a survey by Goldman Sachs.

>>> Original Source <<<