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Fly News Breaks for May 22, 2018
PSTG
May 22, 2018 | 12:24 EDT
Summit Insights analyst Srini Nandury raised Buy rated Pure Storage's price target to $30 from $25 following another "solid" quarter. The analyst has increased confidence Pure Storage will continue to post solid growth, driven by Flash Blade traction and continued momentum in Flash Array. Further, Nandury expects disruptions at EMC/Dell will be a benefit to the company, and other placers in the space, and recommends using weakness in Pure Storage shares as a buying opportunity.
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