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Nutanix Climbs After Goldman Adds To Conviction List, Highlights M&A Potential

The shares of Nutanix (NTNX) are rallying after Goldman Sachs added the stock to its Conviction List and called the company a potential takeover target. The firm added that the company is "a once-in-a-decade tech infrastructure story," while its results are poised to beat consensus estimates in "coming quarters."

POSSIBLE TARGET IN HIGH-GROWTH MARKET: Calling hyperconvergence "the biggest trend in IT since public cloud," Goldman analyst Simona Jankowski estimated that Nutanix has a roughly 30% share of the $2B hyperconvergence market, which she predicted would grow to $20B in a decade. Meanwhile the...


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