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
The top 64 companies taking a trip to TheStreet's 2017 Market Bracket Challenge tournament.
Nimble Storage was approached by HPE about a merger Tuesday. On Wednesday analysts reacted.
As cloud adoption pressures HPE's hardware sales, the company is opening up its checkbook to go after growth markets.
Stocks slump Tuesday as a selloff in health care spoils an attempt by the market to push higher.