Nutanix shares tumble 16% on soft outlook
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Northland Downgrades Nutanix (NTNX) to Market Perform 'on Valuation & Mixed Signals wrt VMW Driven Opportunities'
May 30, 2024 6:50 AM EDTNorthland analyst Nehal Chokshi downgraded Nutanix (NASDAQ: NTNX) from Outperform to Market Perform with a price target of $71.00.
The analyst comments "Lowering rating to MP from OP while maintaining our DCF derived PT of $71. We are maintaining our $71 PT following the Apr results, but lowering our rating to Market Perform from Outperform as a result of shares having closed above our unchanged PT. While we recognize the... More
Nutanix (NTNX) PT Raised to $80 at Needham
May 30, 2024 6:37 AM EDTNeedham analyst Mike Cikos raised the price target on Nutanix (NASDAQ: NTNX) to $80.00 (from $72.00) while maintaining a Buy rating.
The analyst comments "Nutanix reported 3QFY24 results above all guided metrics - consistent with recent outperformance. We view last night's after-market weakness as reflecting... More
RBC Capital Reiterates Outperform Rating on Nutanix (NTNX)
May 30, 2024 6:22 AM EDTRBC Capital analyst Matthew Hedberg reiterated an Outperform rating and $80.00 price target on Nutanix (NASDAQ: NTNX)
The analyst comments "With high expectations into the print, Nutanix delivered a strong quarter ahead of expectations and high end of guidance, which flowed through to... More
