- Morgan Stanley raises its Pivotal Software (NYSE:PVTL) price target from $24 to $26 after earnings.
- The firm cites expansion rates, billings, and revenue outlook pointing to "a large opportunity ahead."
- Rating maintained at Overweight.
- RBC Capital shifts from $25 to $27 and remains constructive on Pivotal's opportunity and valuation, noting billings and revenue growth plus the subscription outlook.
- Rating maintained at Outperform.
- Pivotal Software shares are down 4.7% pre-market to $21.34.