Pivotal Software Inc (PVTL) Gets a Buy Rating from Morgan Stanley


In a report released today, Sanjit Singh from Morgan Stanley maintained a Buy rating on Pivotal Software Inc (NYSE: PVTL), with a price target of $29. The company’s shares closed yesterday at $28.78, close to its 52-week high of $31.24.

According to TipRanks.com, Singh is a 4-star analyst with an average return of 10.8% and a 65.6% success rate. Singh covers the Technology sector, focusing on stocks such as Cloudera Inc, Appian Corp, and Tableau.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Pivotal Software Inc with a $26.25 average price target.

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Based on Pivotal Software Inc’s latest earnings release for the quarter ending July 31, the company reported a quarterly GAAP net loss of $35.61 million. In comparison, last year the company had a GAAP net loss of $35.38 million.

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Pivotal Software, Inc. provides application and data infrastructure software. It specializes in integrated solution that combines a cloud-native platform and strategic services. Its products include Pivotal Big Data Suite, Pivotal GemFIre, and Pivotal Greenplum which allows enterprises to adopt software and development methodologoies.

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