Evercore ISI raised the firm’s price target on Pure Storage (PSTG) to $90 from $85 and keeps an Outperform rating on the shares after the company hosted its Pure Accelerate event, including a meeting with investors and analysts. Pure reinforced its Enterprise Data Cloud vision, while outlining its expanding role across enterprise and hyperscale customers and AI-driven data workloads, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% 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 $92 from $78 at Piper Sandler
- Pure Storage Positioned for Growth: Buy Rating Highlighted by Strategic Initiatives and Industry Trends
- AI Isn’t Dead – It’s Evolving from the Brains to the Body
- Salesforce slides, Figma flops after earnings: Morning Buzz
- Pure Storage’s Growth Potential Driven by Flash Storage Advancements and Market Expansion