B of A Securities Maintains Buy on Nutanix, Lowers Price Target to $72
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has maintained its Buy rating on Nutanix (NASDAQ:NTNX) but has lowered the price target from $75 to $72.
August 21, 2024 | 3:01 pm
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B of A Securities has maintained its Buy rating on Nutanix but lowered the price target from $75 to $72, indicating a slightly less optimistic outlook.
The maintenance of a Buy rating suggests continued confidence in Nutanix's performance, but the lowered price target indicates a slightly reduced expectation for its stock price. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100