Wells Fargo raised the firm’s price target on Nutanix (NTNX) to $85 from $75 and keeps an Equal Weight rating on the shares. The firm agrees with the strong upward move in the shares post Q2 results and raised guidance as the momentum around VMWare customer capture accelerates. Wells expects investors to focus on guide conservatism into the second half of 2025.
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Read More on NTNX:
- Nutanix price target raised to $90 from $83 at JPMorgan
- Nutanix price target raised to $94 from $87 at Barclays
- Nutanix Positioned for Growth: Strong Financials, Strategic Partnerships, and Raised Guidance Justify Buy Rating
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