🟢 NTNX is trading 4.3% up today, rebounding from a recent selloff as a Rosenblatt analyst reiterates a 'Buy' rating

NTNX is trading 4.3% up today at $46.63, bouncing back from a selloff linked to its recent share sale to AMD. The recovery is supported by a new analyst note and a positive tech sector trend.

• Rosenblatt on May 22 reiterated its 'Buy' rating on Nutanix with a $60 price target, expressing confidence in the company's growth potential.
• The stock had declined earlier in the week as investors reacted to the dilution from a $150 million private share sale to AMD that was completed on May 4.
• The rebound is also occurring amid a generally positive day for the technology sector.