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Shares of Nimble Storage (NASDAQ:NMBL) have earned an average rating of “Hold” from the sixteen analysts that are covering the company, AnalystRatings.Net reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $51.50.

Several analysts have recently commented on the stock. Analysts at DA Davidson initiated coverage on shares of Nimble Storage in a research note on Tuesday, April 22nd. They set an “underperform” rating and a $26.50 price target on the stock. They noted that the move was a valuation call. Separately, analysts at UBS AG upgraded shares of Nimble Storage from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 16th. They now have a $53.00 price target on the stock, up previously from $45.00. Finally, analysts at Raymond James initiated coverage on shares of Nimble Storage in a research note on Tuesday, April 15th. They set a “market perform” rating on the stock.

Nimble Storage (NASDAQ:NMBL) opened at 28.41 on Monday. Nimble Storage has a 52 week low of $27.92 and a 52 week high of $58.00. The stock has a 50-day moving average of $37.29 and a 200-day moving average of $41.57. The company’s market cap is $2.031 billion.

Nimble Storage (NASDAQ:NMBL) last posted its quarterly earnings results on Friday, February 28th. The company reported ($0.14) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.16) by $0.02. The company had revenue of $41.70 million for the quarter, compared to the consensus estimate of $38.07 million. The company’s quarterly revenue was up 106.4% on a year-over-year basis. On average, analysts predict that Nimble Storage will post $-0.58 earnings per share for the current fiscal year.

Nimble Storage, Inc provides its customers with data storage platform. The Company focuses on research and development of its technology platform, developing new products and enhancing its cloud-based management services.

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