Nutanix stock steadies in premarket after Barclays downgrade; Needham talk looms
Nutanix shares edged up 0.04% to $48.69 premarket Friday after a 5.38% drop in the prior session. Barclays downgraded the stock to equalweight and cut its price target to $53, citing slower bookings and longer deal cycles. Management will present at the Needham Growth Conference at 11 a.m. Eastern. Nutanix’s 52-week range is $46.12 to $83.36.