The firm said the recent pullback in shares and belief that the company's price advantage will push share gains resulted in UBS upgrading the data storage platform's rating.NMBL data by YCharts
U.S. indices ended the day higher but investors seem focused on Friday's Fed speech.
Nimble (NMBL) stock was trading higher in Tuesday's extended session after reporting better-than-expected results for the fiscal 2017 second quarter.
Good news may be a positive for the market once again.
Nimble Storage (NMBL) stock continues to rally on strong first quarter results, which some analysts see as the beginning of a turnaround.