Needham lowered the firm’s price target on Nutanix (NTNX) to $80 from $92 but keeps a Buy rating on the shares. The company experienced headwinds from entry into a greater number of deals with future start-dates, but Nutanix continues to execute at a high-level, performing strongly in Q4 to close out the fiscal year, the analyst tells investors in a research note. The management’s initial FY26 outlook is a starting point from which Nutanix should be able to drive outperformance on revenue, margins, and free cash flow, the firm added.
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