Core Viewpoint - Goldman Sachs initiates coverage on Nutanix (NTNX.US) with a "Buy" rating and a target price of $95, highlighting its role in the transition from traditional infrastructure to modern solutions [1] Group 1: Company Overview - Nutanix is positioned as a key player in the shift to modern infrastructure, offering hyper-converged infrastructure (HCI) that integrates computing, storage, and networking into a software-defined stack [1] - The company's solutions can reduce total cost of ownership by over 40% compared to traditional architectures, enabling faster resource allocation and flexible hybrid deployments [1] Group 2: Financial Performance - Nutanix reported Q3 FY2025 earnings that exceeded expectations, with earnings per share of $0.42 (expected $0.38) and revenue of $639 million (expected $594.44 million), representing a year-over-year growth of 22% [2] - Piper Sandler raised its target price for Nutanix from $76 to $88, citing stable growth and strong momentum in acquiring new customers [2] - KeyBanc initiated coverage with an "Overweight" rating and a target price of $95, emphasizing Nutanix's strategic position in hybrid cloud environments and its double-digit revenue growth prospects [2] Group 3: Market Position and Partnerships - Nutanix is expected to generate $300 million to $600 million in recurring revenue annually over the next four years (FY2025 to FY2029) due to customer migration needs following Broadcom's acquisition of VMware [1] - The company is expanding its partner ecosystem with Dell (DELL.US), Cisco (CSCO.US), and Pure Storage (PSTG.US), and is evolving towards a hybrid multi-cloud orchestration platform [1]