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May 2, 2014
07:29 EDTNMBLNimble 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.
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