JPMorgan lowered the firm’s price target on Nutanix (NTNX) to $81 from $90 and keeps an Overweight rating on the shares. The company reported a “robust” fiscal Q4 but the bigger focus will be on the fiscal 2026 guidance which calls for 15% revenue growth following 18% growth in 2025, the analyst tells investors in a research note. The firm believes the outlook is drive concerns over Nutanix cycling past the early innings of the tailwinds in relation to the VMware opportunity. JPMorgan expects the shares will “remain muted” in the near-term.
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