Raymond James analyst Simon Leopold downgraded Nutanix (NTNX) to Market Perform from Outperform without a price target The shares are appropriately valued following the recent rally, the analyst tells investors in a research note. The firm says that in addition to share price appreciation, Nutanix’s market dynamics have changed, reflecting increased uncertainty regarding IT spending as a result of the introduction of tariffs that potentially stress customers’ budgets. As such, Raymond James sees risk to negative revisions to fiscal 2026 estimates and/or multiples applied to the stock.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NTNX:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue