TD Cowen analyst Krish Sankar raised the firm’s price target on Pure Storage (PSTG) to $80 from $70 and keeps a Buy rating on the shares. The firm said they reported a beat and raise, though much of this is driven by customers switching from as-a-service sales to CapEx sales.
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Read More on PSTG:
- Pure Storage price target raised to $75 from $60 at JPMorgan
- Pure Storage price target raised to $75 from $63 at Citi
- Pure Storage price target raised to $80 from $75 at Wells Fargo
- Pure Storage upgraded to Overweight from Neutral at Piper Sandler
- Pure Storage price target raised to $61 from $56 at Barclays
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
