Goldman Sachs Cuts PT on Nutanix (NTNX) to $60 From $75 – Here’s Why

Nutanix, Inc. (NASDAQ:NTNX) is one of the most oversold NASDAQ stocks to invest in. Goldman Sachs revised the price target on Nutanix, Inc. (NASDAQ:NTNX) to $60 from $75 on February 9, maintaining a Buy rating on the shares. The firm stated that an acceleration in AI innovation is visible, citing developments like Claude Cowork and OpenAI’s Frontier. While this warrants caution against over-anchoring to a single perspective, the firm’s analysis shows that most coverage lies in more insulated layers of the stack, which is creating attractive opportunities for investors who are willing to look through near-term volatility.

In another development, UBS cut the price target on Nutanix, Inc. (NASDAQ:NTNX) to $57 from $91 on February 9, maintaining a Buy rating after summing coverage of the stock. After checks, UBS believes that accelerating mid-teens growth is achievable in FY27-28, and it favors the risk/reward in the stock from here. Nutanix, Inc. (NASDAQ:NTNX) also received a rating update from Barclays on January 15, which downgraded the stock to Equal Weight from Overweight, bringing the price target down to $53 from $64.

Nutanix, Inc. (NASDAQ:NTNX) provides a cloud platform leveraging web-scale engineering and consumer-grade design. The company’s operations are divided into the following geographic segments: the United States, Europe, the Middle East, Africa, Asia Pacific,…