Northland raised the firm’s price target on Pure Storage (PSTG) to $63 from $59 and keeps a Market Perform rating on the shares. The October-end quarter results and January quarter guidance reflect a shift from opex to capex deals, leading to largely unchanged FY26 estimates, says the analyst, who adds that Pure’s Hyperscale growth opportunity beyond FY27 is “large, but speculative.”
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Read More on PSTG:
- Pure Storage price target raised to $65 from $60 at Stifel
- Pure Storage price target raised to $75 from $70 at Evercore ISI
- Pure Storage price target raised to $75 from $62 at Needham
- Pure Storage price target raised to $80 from $70 at TD Cowen
- Pure Storage price target raised to $75 from $60 at JPMorgan
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
