Needham & Company Starts Tintri Inc. (TNTR) at Buy

Needham & Company initiates coverage on Tintri Inc. (NASDAQ: TNTR) with a Buy rating and a price target of $15.00.

Analyst Jack Andrews commented, "Tintri’s mission is to enable large enterprises and cloud service providers to enjoy the benefits of public cloud agility, scalability, and control within their own data centers and/or private clouds. For risk-tolerant investors, we find the shares attractive here for three reasons: we believe the company has truly differentiated technology, a team with a strong track record of value creation, and an extraordinarily low valuation based on several methodologies. Our price target is based on a discounted cash flow analysis."

For an analyst ratings summary and ratings history on Tintri Inc. click here. For more ratings news on Tintri Inc. click here.

Shares of Tintri Inc. closed at $6.95 yesterday.

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