Goldman Sachs lowered the firm’s price target on Nutanix (NTNX) to $60 from $75 and keeps a Buy rating on the shares. AI innovation continues to accelerate, as developments like Claude Cowork and OpenAI’s Frontier highlight, warranting caution against over-anchoring to any single perspective, the analyst tells investors in a research note. Even so, the firm’s analysis indicates most coverage lies in more insulated layers of the stack, creating attractive opportunities for investors willing to look through near-term volatility.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NTNX:
- Nvidia initiated, DraftKings upgraded: Wall Street’s top analyst calls
- Nutanix downgraded to Equal Weight from Overweight at Barclays
- Nutanix downgraded to Equal Weight from Overweight at Morgan Stanley
- Nutanix price target lowered to $65 from $74 at RBC Capital
- Nutanix Elevates Tarkan Maner to President Role