In a report launched on August 31, Pinjalim Bora from J.P. Morgan maintained a Purchase ranking on Pure Storage (PSTG – Research Report). The corporate’s shares closed yesterday at $38.36.
Bora covers the Expertise sector, specializing in shares resembling Pure Storage, Alteryx, and DigitalOcean Holdings. Based on TipRanks, Bora has a mean return of 8.7% and a 57.78% success fee on advisable shares.
At the moment, the analyst consensus on Pure Storage is a Sturdy Purchase with a mean worth goal of $42.94, implying an 11.94% upside from present ranges. In a report launched on August 31, TD Cowen additionally maintained a Purchase ranking on the inventory with a $50.00 worth goal.
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The corporate has a one-year excessive of $39.19 and a one-year low of $22.14. At the moment, Pure Storage has a mean quantity of three.64M.
Primarily based on the current company insider exercise of 49 insiders, company insider sentiment is destructive on the inventory. Which means over the previous quarter there was a rise of insiders promoting their shares of PSTG in relation to earlier this 12 months.
TipRanks has tracked 36,000 firm insiders and located that just a few of them are higher than others in terms of timing their transactions. See which 3 stocks are almost certainly to make strikes following their insider actions.
Pure Storage, Inc. engages within the provision of flash-based storage options. Its expertise replaces storage methods designed for mechanical disk with all-flash methods optimized end-to-end for solid-state reminiscence. The corporate was based by John Hayes and John Colgrove in October 2009 and is headquartered in Mountain View, CA.
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