Pure Storage Stock Rises with Price Target Bump from Citi
Pure Storage Inc. stocks have been trading up by 31.09 percent amid rising market optimism and technological advancements.
Key Takeaways
- Citi has increased its price target for Pure Storage from $65 to $70, maintaining a ‘Buy’ stance as it anticipates a positive earnings report.
- Morgan Stanley started coverage with an “Equal Weight” rating, slightly lowering their price target, signaling Pure’s modest market outperformance.
- The company is setting up for major announcements at the upcoming Pure//Accelerate NYC event, capturing analysts’ attention as earnings approach.
- Recent stock price fluctuations reflect robust trading activity and investor speculation ahead of expected growth.
- Ongoing strategic expansions…
