Pivotal Software (PVTL) Receives $21.20 Consensus Price Target from Analysts

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 (NASDAQ:PVTL) last released its quarterly earnings data on Tuesday, June 12th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.03. The firm had revenue of $155.70 million for the quarter, compared to the consensus estimate of $140.41 million. The business’s revenue was up 28.5% compared to the same quarter last year.

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.

Analyst Recommendations for Pivotal Software (NASDAQ:PVTL)

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