Nutanix price target raised to $52 from $45 at Northland

Northland raised the firm’s price target on Nutanix to $52 from $45 and keeps an Outperform rating on the shares. The Federal vertical drove strong performance for the October-end quarter and FY24 free cash flow guidance was raised by 20% to $350M, which “likely still embeds conservatism per our analysis,” the analyst tells investors in a post-earnings note.