Nimble Storage sell-off brings 'compelling' entry point, says Piper Jaffray Piper Jaffray believes the recent sell-off in shares of Nimble Storage has created a "compelling" entry point into the name. Piper believes Nimble remains well-positioned to grow revenue in the 50%-plus range for the foreseeable future and it views the pullback as overdone. The firm keeps an Overweight rating on the stock with a $50 price target.
Nimble Storage TAM expanded 7x, says Pacific Crest Pacific Crest believes that the formal release of Fibre Channel support increases Nimble Storage's total addressable market by 7x, as it enables the company to target larger enterprises. The firm recommends buying Nimble, citing what it sees as the company's favorable risk-reward, 40%-plus growth trajectory and path to profitability next year. Pacific Crest keeps a $44 price target and Outperform rating on the shares.