UBS raised the firm’s price target on Pure Storage (PSTG) to $55 from $50 and keeps a Sell rating on the shares. Pure gave better guidance despite minimal Meta (META) revenue recognition in the quarter and “immaterial contribution” in FY26, the analyst noted following earnings.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% 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 $85 from $80 at TD Cowen
- Pure Storage price target raised to $88 from $76 at Raymond James
- Pure Storage: Strong Performance and Promising Outlook Drive Buy Rating
- Pure Storage price target raised to $80 from $76 at BofA
- Pure Storage price target raised to $78 from $66 at Piper Sandler