Barclays Downgrades Nutanix to Equal-Weight, Price Target Lowered to $53.00

Barclays downgraded Nutanix (NTNX) to 'Equal-Weight' and lowered the price target to $53.00 USD, a 17.19% decrease. Analyst Tim Long attributed the downgrade to the company's disappointing earnings and weak outlook. Nutanix offers cloud software for running applications and managing data, with a focus on hybrid multicloud infrastructure. The average analyst price target for NTNX is $70.34, with a high estimate of $95.00 and a low estimate of $53.00.