JPMorgan lowered the firm’s price target on Pure Storage to $40 from $45 and keeps an Overweight rating on the shares post the Q3 report. The company’s full year revenue growth took a step down, as its transition to a subscription/consumption model hits an inflection point, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on PSTG: