Reaffirmed: Pivotal Software (PVTL) Equal-Weight Rating Reaffirmed by Barclays; $22 Target in Place

June 13, 2018 - By Henry Gaston

Pivotal Software (PVTL) Rating Reaffirmed

EU: In an analyst report revealed to clients and investors on Wednesday, 13 June, Barclays reconfirmed their Equal-Weight rating on Pivotal Software (PVTL) shares. They now have a $22 TP on the company. Barclays’s target would suggest a potential downside of -21.99 % from the company’s last stock close.

Pivotal Software, Inc. (NYSE:PVTL) Ratings Coverage

Among 8 analysts covering Pivotal Software (PVTL), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Pivotal Software has $2400 highest and $1900 lowest target. $21.43’s average target is -24.01% below currents $28.2 stock price. Pivotal Software had 9 analyst reports since May 15, 2018 according to SRatingsIntel. Citigroup initiated Pivotal Software, Inc. (NYSE:PVTL) rating on Tuesday, May 15. Citigroup has “Hold” rating and $2100 target. Goldman Sachs initiated the stock with “Buy” rating in Tuesday, May 15 report. As per Tuesday, May 15, the company rating was initiated by KeyBanc Capital Markets. Morgan Stanley initiated the shares of PVTL in report on Tuesday, May 15 with “Buy” rating. The rating was initiated by William Blair with “Buy” on Tuesday, May 15. The rating was initiated by Barclays Capital with “Hold” on Tuesday, May 15. UBS initiated the shares of PVTL in report on Tuesday, May 15 with “Hold” rating. RBC Capital Markets initiated the shares of PVTL in report on Tuesday, May 15 with “Hold” rating.

The stock increased 32.96% or $6.99 during the last trading session, reaching $28.2. About 17.45 million shares traded or 775.22% up from the average. Pivotal Software, Inc. (PVTL) has 0.00% since June 14, 2017 and is . It has underperformed by 12.57% the S&P500.

Pivotal Software, Inc., together with its subsidiaries, provides an integrated solution that combines a cloud-native application platform and services in the United States. The company has market cap of $7.22 billion. The Company’s cloud-native platform, Pivotal Cloud Foundry , accelerates and streamlines software development by reducing the complexity of building, deploying, and operating modern applications. It currently has negative earnings. The firm also enables its clients to accelerate their adoption of a modern software development process and their business success using its platform through its strategic services, Pivotal Labs (Labs).

More notable recent Pivotal Software, Inc. (NYSE:PVTL) news were published by: Benzinga.com which released: “31 Stocks Moving In Wednesday’s Mid-Day Session” on June 13, 2018, also Benzinga.com with their article: “25 Stocks Moving In Wednesday’s Pre-Market Session” published on June 13, 2018, Fool.com published: “What Happened in the Stock Market Today” on June 13, 2018. More interesting news about Pivotal Software, Inc. (NYSE:PVTL) were released by: Seekingalpha.com and their article: “Pivotal Software: Breakout Leaves Shares Expensive” published on June 13, 2018 as well as Businesswire.com‘s news article titled: “Pivotal Reports First Quarter Fiscal Year 2019 Financial Results” with publication date: June 12, 2018.

Pivotal Software, Inc. (NYSE:PVTL) Ratings Chart

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