Pure Storage price target raised to $44 from $38 at TD Cowen

TD Cowen analyst Krish Sankar raised the firm’s price target on Pure Storage (PSTG) to $44 from $38 and keeps an Outperform rating on the shares. The firm said Pure Storage is our best SMID cap idea, driven by its innovative product portfolio and the potential for increased market share. Accelerate/Analyst Day event this week is key focus and noted the stock performed well post last two AD events,in addition to order trends for its AI-FlashBlade and further revenues from Meta (META).