Wedbush raised the firm’s price target on Pure Storage to $45 from $39 and keeps an Outperform rating on the shares. The firm notes Pure Storage put up a good quarter, modestly exceeding prior top line estimates with more significant EPS upside versus consensus. And, as Wedbush anticipated heading into earnings, management reiterated expectations for mid to high single digit growth albeit while also raising the targeted operating margin levels for the year by 50 bps to 15.5%.
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