TD Cowen raised the firm’s price target on Pure Storage to $60 from $42 and keeps an Outperform rating on the shares. The firm its revenue guidance was better than feared but the eight-figure deal with a “major GPU cloud provider” was the highlight of the conference call.
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Read More on PSTG:
- Pure Storage Announces Fiscal Fourth Quarter and Full Year 2024 Financial Results
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- DA Davidson technology analysts hold an analyst/industry conference call
- Pure Storage price target raised to $42 from $36 at BofA
