Nimble Storage upgraded to Buy from Neutral at Goldman Goldman Sachs upgraded Nimble Storage to Buy citing the recent pullback in shares and the company's "robust" fundamentals. The firm lowered its price target for shares to $34 from $46.
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.