JMP Securities analyst Erik Suppiger thinks Nutanix Inc NTNX shares, which are trading at 2.3 times his calendar year 2018 estimate, are undervalued. Since its listing last September, the stock has shed 43 percent. As such, Suppier maintained his Market Perform rating and $35 price target on Nutanix. The analyst clarified that his price target represented 4.3 times his estimated sales for calendar year 2018, a slight discount to peers even as the company is growing 22 percent faster than peers.