Barclays analyst Tim Long maintained a Buy rating on Pure Storage (PSTG – Research Report) yesterday and set a price target of $51.00. The company’s shares closed yesterday at $42.12.
Long covers the Technology sector, focusing on stocks such as Apple, Juniper Networks, and Motorola Solutions. According to TipRanks, Long has an average return of 12.8% and a 63.03% success rate on recommended stocks.
In addition to Barclays, Pure Storage also received a Buy from TD Cowen’s Krish Sankar in a report issued today. However, on the same day, Bank of America Securities reiterated a Hold rating on Pure Storage (NYSE: PSTG).
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PSTG market cap is currently $13.31B and has a P/E ratio of 222.86.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PSTG in relation to earlier this year.
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Pure Storage (PSTG) Company Description:
Pure Storage, Inc. engages in the provision of flash-based storage solutions. Its technology replaces storage systems designed for mechanical disk with all-flash systems optimized end-to-end for solid-state memory. The company was founded by John Hayes and John Colgrove in October 2009 and is headquartered in Mountain View, CA.
Read More on PSTG:
- Pure Storage Announces Fiscal Fourth Quarter and Full Year 2024 Financial Results
- JPMorgan ‘slightly cautious’ on Pure Storage into Q4 results
- PSTG Earnings this Week: How Will it Perform?
- DA Davidson technology analysts hold an analyst/industry conference call
- Pure Storage price target raised to $42 from $36 at BofA
