Breaking: Barclays Keeps $22 PT On Pivotal Software (PVTL) Shares, Keeps Their Original Equal-Weight Rating

June 13, 2018 - By Clifton Ray

Pivotal Software (PVTL) Rating Reaffirmed

Equity analysts at Barclays now has a $22 target price on Pivotal Software (PVTL). Barclays and their recent target price indicates a potential downside of -21.99 % from the company’s last price. The rating has been revealed in analysts report on Wednesday, 13 June.

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. As per Tuesday, May 15, the company rating was initiated by Barclays Capital. The firm earned “Hold” rating on Tuesday, May 15 by UBS. Citigroup initiated Pivotal Software, Inc. (NYSE:PVTL) rating on Tuesday, May 15. Citigroup has “Hold” rating and $2100 target. The company was initiated on Tuesday, May 15 by William Blair. Goldman Sachs initiated it with “Buy” rating and $2100 target in Tuesday, May 15 report. KeyBanc Capital Markets initiated Pivotal Software, Inc. (NYSE:PVTL) on Tuesday, May 15 with “Buy” rating. The company was initiated on Tuesday, May 15 by Morgan Stanley. RBC Capital Markets initiated it with “Hold” rating and $2100 target in Tuesday, May 15 report.

The stock increased 32.96% or $6.99 during the last trading session, reaching $28.2. About 17.45M 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 Nasdaq.com with their article: “Mid-Morning Market Update: Markets Edge Higher; Korn/Ferry Beats Q4 Views” published on June 13, 2018, Streetinsider.com published: “Pivotal Software Inc (PVTL) PT Raised to $24 at RBC Capital” on June 13, 2018. More interesting news about Pivotal Software, Inc. (NYSE:PVTL) were released by: Businesswire.com and their article: “Pivotal Reports First Quarter Fiscal Year 2019 Financial Results” published on June 12, 2018 as well as Schaeffersresearch.com‘s news article titled: “Nasdaq Notches Another High Ahead of Fed Decision” with publication date: June 13, 2018.

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

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