Wells Fargo analyst Aaron Rakers lowered the firm’s price target on Nutanix (NTNX) to $71 from $85 and keeps an Equal Weight rating on the shares. Nutanix delivered a solid quarter with operating margin well-above guide, but the firm thinks investors may focus on the slowdown commentary around ARR heading into 2026 and questions large deal momentum as the VMWare dislocation tailwind normalizes.
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