Shares of Pivotal Software (NASDAQ:PVTL) have received a consensus recommendation of “Hold” from the eleven brokerages that are covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $22.00.
A number of research firms have recently issued reports on PVTL. Credit Suisse Group began coverage on Pivotal Software in a research report on Tuesday, May 15th. They set an “outperform” rating and a $22.00 price objective on the stock. Wells Fargo & Co began coverage on Pivotal Software in a research report on Tuesday, May 15th. They issued a “market perform” rating and a $19.00 price target on the stock. UBS Group began coverage on Pivotal Software in a research report on Tuesday, May 15th. They issued a “neutral” rating and a $20.00 price target on the stock. Barclays upped their price target on Pivotal Software from $19.00 to $22.00 and gave the company an “equal weight” rating in a research report on Wednesday. Finally, William Blair began coverage on Pivotal Software in a research report on Tuesday, May 15th. They issued an “outperform” rating on the stock.
Shares of PVTL traded down $1.48 on Friday, reaching $26.72. 8,414,000 shares of the stock traded hands, compared to its average volume of 1,937,034. Pivotal Software has a 12 month low of $15.11 and a 12 month high of $31.24.
Pivotal Software Company Profile
Pivotal Software, Inc, together with its subsidiaries, provides an integrated solution that combines a cloud-native application platform and services in the United States. Its cloud-native platform, Pivotal Cloud Foundry (PCF), accelerates and streamlines software development by reducing the complexity of building, deploying, and operating modern applications.
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