Needham raised the firm’s price target on Pure Storage (PSTG) to $100 from $85 and keeps a Buy rating on the shares after attending its Product & Technology-Focused meeting. The company announced a major expansion of Enterprise Data Cloud, in addition to more robust Cybersecurity capabilities, through both organic development and integrations across the ecosystem with partners such as CrowdStrike (CRWD) and Veeam, the analyst tells investors in a research note.
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