Breaking News Instant updates and real-time market news.

PVTL

Pivotal Software

$18.89

-0.07 (-0.37%)

07:26
05/15/18
05/15
07:26
05/15/18
07:26

Pivotal Software initiated with a Sector Perform at RBC Capital

RBC Capital analyst Matthew Hedberg initiated Pivotal Software with a Sector Perform rating and a price target of $21. The analyst says the company's goal to optimize the cloud-native software development for organizations with its Pivotal Cloud Foundry platform may lead to growth and higher margins. However, the analyst is also looking for a "more attractive entry or faster mix-shift to software".

  • 12

    Jun

PVTL Pivotal Software
$18.89

-0.07 (-0.37%)

05/15/18
BOFA
05/15/18
INITIATION
Target $21
BOFA
Neutral
Pivotal Software initiated with a Neutral at BofA/Merrill
BofA/Merrill analyst Niolay Bellov initiated Pivotal Software with a Neutral and $21 price target saying its a "great" story, but shares are fairly valued.
05/15/18
WBLR
05/15/18
INITIATION
WBLR
Outperform
Pivotal Software initiated with an Outperform at William Blair
William Blair analyst Bhavan Suri started Pivotal Software with an Outperform rating.
05/15/18
LEHM
05/15/18
INITIATION
Target $19
LEHM
Equal Weight
Barclays sees limited valuation upside in Pivotal Software
Barclays analyst Raimo Lenschow initiated Pivotal Software with an Equal Weight rating and $19 price target. The analyst says that while Pivotal is an "interesting play" on IT modernization and next generation software development, the current valuation offers limited upside. He believes the company's large services component "also creates a natural headwind for valuation levels."
05/15/18
KEYB
05/15/18
INITIATION
Target $24
KEYB
Overweight
Pivotal Software initiated with an Overweight at KeyBanc
KeyBanc analyst Alex Kurtz started Pivotal Software with an Overweight rating and $24 price target, noting that the company has established itself as a leading PaaS provider to the Global 2K, with projected subscription growth at 40% and one of the few stocks that are directly benefiting from rising container adoption in the enterprise.

TODAY'S FREE FLY STORIES

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.