Goldman has upgraded Nimble Storage (NMBL) to Buy, and lifted its PT by $12 to $46.
The move comes after Needham and William Blair upgraded Nimble on Monday in response to its big selloff, and sent shares flying higher. Neeham argued Nimble can grow at a 50%+ clip over the next several years, and Blair talked up the potential of new product launches to help Nimble expand its addressable market.
Over 2M shares were shorted as of April 30. Nimble's lockup expiration arrives on June 11.