Pivotal Software (PVTL) Receives Consensus Rating of “Hold” from Brokerages

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Pivotal Software (NASDAQ:PVTL) has been given a consensus recommendation of “Hold” by the eleven analysts that are presently covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $22.00.

Several equities research analysts recently weighed in on the company. Barclays boosted their target price on Pivotal Software from $19.00 to $22.00 and gave the stock an “equal weight” rating in a report on Wednesday. Goldman Sachs Group assumed coverage on Pivotal Software in a report on Tuesday, May 15th. They issued a “buy” rating and a $21.00 target price for the company. Morgan Stanley boosted their target price on Pivotal Software from $24.00 to $26.00 and gave the stock an “overweight” rating in a report on Wednesday. Credit Suisse Group boosted their target price on Pivotal Software from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Royal Bank of Canada assumed coverage on Pivotal Software in a report on Tuesday, May 15th. They issued a “sector perform” rating and a $21.00 target price for the company.

PVTL traded down $1.48 on Friday, hitting $26.72. The company had a trading volume of 8,414,000 shares, compared to its average volume of 1,937,034. Pivotal Software has a 1-year low of $15.11 and a 1-year high of $31.24.

Pivotal Software (NASDAQ:PVTL) last posted its earnings results on Tuesday, June 12th. The company reported ($0.10) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.03. The company had revenue of $155.70 million during the quarter, compared to analyst estimates of $140.41 million. The business’s quarterly revenue was up 28.5% on a year-over-year basis.

About Pivotal Software

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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