BofA raised the firm’s price target on Pure Storage (PSTG) to $80 from $76 and keeps a Neutral rating on the shares. After Pure Storage reported a beat on revenue and earnings, the firm raised its FY26 revenue and EPS estimates, but reiterates a Neutral rating as product growth has yet to re-accelerate, hyperscaler deals have yet to catalyze estimates and it sees investments and competitive dynamics creating margin risk.
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Read More on PSTG:
- Pure Storage price target raised to $78 from $66 at Piper Sandler
- Pure Storage price target raised to $80 from $70 at JPMorgan
- Cautious Hold on Pure Storage Amid Growth and Margin Uncertainties
- Pure Storage price target raised to $81 from $70 at Citi
- Pure Storage Reports Strong Q2 Growth and Raises Guidance