Pivotal Software Inc (PVTL) Receives a Buy from Morgan Stanley
Morgan Stanley analyst Sanjit Singh maintained a Buy rating on Pivotal Software Inc (PVTL) today and set a price target of $26. The company’s shares closed on Friday at $21.52.
According to TipRanks.com, Singh is a 4-star analyst with an average return of 13.4% and a 57.9% success rate. Singh covers the Technology sector, focusing on stocks such as Nuance Communications, New Relic Inc, and Cloudera Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Pivotal Software Inc with a $24.38 average price target, representing a 13.3% upside. In a report issued on March 15, Wedbush also assigned a Buy rating to the stock with a $26 price target.
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Based on Pivotal Software Inc’s latest earnings release for the quarter ending January 31, the company reported a quarterly GAAP net loss of $38.93 million. In comparison, last year the company had a GAAP net loss of $37.24 million.
Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is negative on the stock.
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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.