BofA analyst Wamsi Mohan raised the firm’s price target on Pure Storage to $42 from $36 and keeps a Neutral rating on the shares ahead of the company reporting Q4 earnings on February 28. While the spending backdrop for Enterprise storage is slowly recovering, the firm sees the consensus revenue growth projection of 11% in FY25 as “discounting a somewhat optimistic scenario” and it projects a range from 8.5%-15.5% year-over-year revenue growth, the analyst tells investors in a preview note.
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