Northland raised the firm’s price target on Nutanix (NTNX) to $77 from $74 and keeps a Market Perform rating on the shares. FY25 free cash flow guidance was slightly raised despite no revenue raise, notes the analyst, who argues that risk remains that year-over-year ARR growth has not bottomed at 18%.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NTNX: