In a report published Friday, Wells Fargo Securities analyst Maynard Um initiated coverage on Nimble Storage NMBL with an Outperform rating.
In the report, Wells Fargo Securities noted, “Our Outperform rating is predicated on Nimble Storage's growth opportunity from 1) material market share gain opportunity due to its relative nascency, 2) continued growth in its SMB market, 3) the market expansion opportunity in large enterprise driven, in part, by new products, 3) international expansion growth, 4) repeat customer buying patterns, and 5) channel leverage.”
Nimble Storage closed on Thursday at $26.19.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in