UBS has initiated coverage of Nutanix with a Buy rating and a price target of $81, highlighting its strong position in hyperconverged infrastructure software. Currently trading at $64.78, Nutanix is expected to capture significant market share due to disruptions from a recent VMware acquisition, aiming for an annual recurring revenue of $3.1 billion by FY27. The company has shown robust revenue growth of 14.86% and gross profit margins of 85.44%, positioning it well to benefit from ongoing demand for on-premise data center investments amidst a growing market.