Nutanix price target lowered to $75 from $95 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on Nutanix (NTNX) to $75 from $95 and keeps a Buy rating on the shares. The firm says the company’s “noisy” fiscal Q1 report is more about deal timing than underlying demand. While the stock will likely remain range-bound in the near-term, with expectations now reset, Nutanix presents an attractive risk/reward, the analyst tells investors in a research note.