By David Moadel
Publication Date: 2026-04-10 13:04:00
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JPMorgan downgraded Nutanix (NTNX) from Overweight to Neutral with a $44 price target, citing the slowing cloud infrastructure rebound and intensifying competition from VMware and Broadcom that is limiting portfolio share expansion.
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The downgrade reflects a broader rotation in enterprise software toward hardware and semiconductor peers with direct exposure to AI revenues, indicating that Nutanix’s strong earnings fundamentals may not be enough to drive near-term gains from current valuations.
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nutanix (NASDAQ:NTNX) stock got a hit from JPMorgan on Friday, as the firm cut its rating from Overweight to Neutral and set a $44 price target. The downgrade comes as Nutanix shares have already lost significant ground, suggesting Wall Street is reevaluating whether the cloud infrastructure rally has run its course for software layer players.
For long-term investors, the call is…
