Guggenheim analyst Howard Ma raised the firm’s price target on Pure Storage (PSTG) to $105 from $93 and keeps a Buy rating on the shares after having attended the product and technology session for financial analysts that was held alongside the company’s Accelerate customer event. Pure, which has “impressively executed on its vision from about 15 years ago to disrupt the disk market with technology differentiation,” is at a pivotal moment, says the analyst, who believes that “no other vendor” is better positioned to address both the enterprise and hyperscaler demand for flash storage.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% 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>>
Read More on PSTG:
- Pure Storage price target raised to $95 from $80 at BofA
- Pure Storage price target raised to $100 from $80 at Wells Fargo
- Hold Rating for Pure Storage Amid High Valuation and Uncertainty in New Markets
- Pure Storage’s Strategic Advancements and Market Positioning Drive Buy Rating and Increased Price Target
- Pure Storage: A Disruptive Innovator with Strategic Advantages in the Evolving Storage Market