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PSTG

Pure Storage

$11.53

-0.17 (-1.45%)

04:55
01/13/17
01/13
04:55
01/13/17
04:55

Pure Storage management to meet with Pacific Crest

Meetings to be held in Texas on January 12 and in the Midwest on January 13 hosted by Pacific Crest.

  • 13

    Jan

  • 18

    Jan

PSTG Pure Storage
$11.53

-0.17 (-1.45%)

01/04/17
UBSW
01/04/17
NO CHANGE
Target $17
UBSW
Buy
Pure Storage weakness a buying opportunity, says UBS
UBS analyst Steven Milunovich said the recent decline in Pure Storage shares has created an attractive risk/reward and provided a buying opportunity. The analyst said management has said product innovation is coming, specifically with FlashBlade and NVMe. Despite not being the flash leader, Milunovich believes IT managers are more open to new approaches with storage budgets under pressure. Milunovich reiterated his Buy rating and $17 price target on Pure Storage shares.
01/05/17
BMOC
01/05/17
UPGRADE
BMOC
Outperform
Pure Storage upgraded to Outperform from Market Perform at BMO Capital
01/05/17
BMOC
01/05/17
UPGRADE
BMOC
Outperform
Pure Storage upgraded on growth outlook, valuation at BMO Capital
As noted earlier, BMO Capital upgraded Pure Storage to Outperform from Market Perform. Analyst Tim Long expects the company's strong growth to continue and says that it has a "path to profitability." He thinks that the company's operating margins can turn positive by the end of 2017 and says that the decline in the stock has created a buying opportunity. Target $14.
01/06/17
OPCO
01/06/17
NO CHANGE
Target $17
OPCO
Outperform
Oppenheimer positive on Pure Storage positioning
Oppenheimer analyst Ittai Kidron is bullish on Pure Storage (PSTG) and views it as one of his top 2017 picks. The analyst is positive on the company's positioning and believes investors have not fully embraced the size of the FlashBlade opportunity and opportunity to extend its AFA technology leadership 1-2 years as it moves into NVMe. Additionally, Kidron says Pure Storage can enhance its competitive position as it leverages a strengthening relationship with Cisco (CSCO) improving its positioning against its biggest competitor, EMC (EMC). He reiterates an Outperform rating and $17 price target on Pure Storage's shares.

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