Wells Fargo analyst Aaron Rakers lowered the firm’s price target on Nutanix (NTNX) to $57 from $71 and keeps an Equal Weight rating on the shares. With lowered FY26 revenue guide reflecting a structurally extending booking-to-revenue conversion and potential indirect supply chain headwinds in FY26, the firm expects muted investor sentiment. Confidence in demand fundamentals is a focus, Wells adds.
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