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PSTG

Pure Storage

$15.02

0.19 (1.28%)

05:55
09/22/17
09/22
05:55
09/22/17
05:55

Pure Storage price target raised to $21 from $18 at KeyBanc

KeyBanc analyst Alex Kurtz raised his price target for Pure Storage shares to $21 citing increasing confidence in the company's ability to drive upside to the 38% growth guidance for FY18 and reach its $2B revenue goal by FY21. The analyst believes new products and segments can drive $600M in incremental revenue for Pure Storage through fiscal year 2020. Kurtz is "increasingly positive" on Pure's capability to drive new products like FlashBlade and ActiveCluster into the market through FY20. He keeps an Overweight rating on the shares.

  • 07

    Dec

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    Dec

PSTG Pure Storage
$15.02

0.19 (1.28%)

08/14/17
MAXM
08/14/17
DOWNGRADE
Target $15
MAXM
Hold
Pure Storage downgraded to Hold from Buy at Maxim
Maxim analyst Nehal Chokshi downgraded Pure Storage (PSTG) to Hold and cut his price target for the shares to $15 from $20. The analyst believes Flash Blade's "lack of depth of data management features" presents risk to meeting guidance of accelerating year-over-year growth. The analyst this morning also upgraded NetApp (NTAP) to Buy.
08/14/17
08/14/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Babcock & Wilcox (BW) downgraded to Neutral from Buy at UBS with analyst Steven Fisher citing lower earnings, ongoing project issues and more debt on the balance sheet following the company's second quarter results. The analyst cut his price target for the shares to $3 from $13. 2. Summit Hotel Properties (INN) downgraded to Underperform from Buy at BofA/Merrill. 3. Pure Storage (PSTG) downgraded to Hold from Buy at Maxim with analyst Nehal Chokshi saying he believes Flash Blade's "lack of depth of data management features" presents risk to meeting guidance of accelerating year-over-year growth. 4. CNO Financial (CNO) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Nigel Dally saying valuation is full with shares near all-time highs and has concerns about deteriorating sales and management's tempered expectations around ROE growth. 5. Acushnet Holdings (GOLF) downgraded on growth concerns at DA Davidson with analyst Andrew Bruns citing his increased caution on the growth outlook of its Club, FootJoy and Performance units. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/25/17
UBSW
08/25/17
NO CHANGE
Target $15
UBSW
Buy
Pure Storage risk/reward favorable, says UBS
UBS analyst Steven Milunovich said the risk/reward for Pure Storage remains favorable following its moderate Q2 earnings beat. The analyst also noted the company's announcement of a CEO change during a strong quarter was a surprise, but a good move. He said he remains bullish as Pure Storage is about to cross over into positive free cash flow territory and should turn a profit in Q4. Milunovich reiterated his Buy rating and $15 price target on Pure Storage shares.
08/25/17
SMTR
08/25/17
UPGRADE
SMTR
Buy
Pure Storage upgraded to Buy from Hold at Summit Redstone

TODAY'S FREE FLY STORIES

V

Visa

$108.30

-0.36 (-0.33%)

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DGX

Quest Diagnostics

$91.53

0.47 (0.52%)

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HOG

Harley-Davidson

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HOG

Harley-Davidson

$46.57

-0.05 (-0.11%)

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AMDA

Amedica

$0.29

-0.01049 (-3.46%)

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MDXG

MiMedx

$13.51

0.31 (2.35%)

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MiMedx warns of fake emails »

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BUD

AB InBev

$125.72

0.36 (0.29%)

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  • 26

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BKI

Black Knight

$46.85

0.05 (0.11%)

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Black Knight, Homebot announce strategic alliance »

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MS

Morgan Stanley

$48.94

0.64 (1.33%)

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Breaking Hot Stocks news story on Morgan Stanley »

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CELG

Celgene

$136.71

0.25 (0.18%)

09:03
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Initiation
Celgene initiated  »

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ROKU

Roku

$22.19

-0.83 (-3.61%)

09:02
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Roku expands further into Latin America, to launch two players in region »

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NEOT

Neothetics

$0.52

-0.0206 (-3.81%)

09:02
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Neothetics, Evofem Biosciences announce all-stock merger »

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ROKU

Roku

$22.19

-0.83 (-3.61%)

09:01
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Roku launches Roku Express in Canada »

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ABEO

Abeona Therapeutics

$16.70

0.6 (3.73%)

09:01
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Syndicate
Abeona Therapeutics 5M share Spot Secondary priced at $16.00 »

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NFLX

Netflix

09:00
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  • 22

    Oct

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Industrial Production to be reported at 09:15 »

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ACN

Accenture

$139.09

-0.11 (-0.08%)

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Accenture enters into exclusive negotiations to acquire Altima »

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  • 22

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JNJ

Johnson & Johnson

$136.12

-0.31 (-0.23%)

08:59
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Earnings
Johnson & Johnson backs FY17 revenue view $75.9B-$76.2B, consensus $75.83 »

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LRCX

Lam Research

$192.36

2.46 (1.30%)

08:59
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  • 17

    Oct

JNJ

Johnson & Johnson

$136.12

-0.31 (-0.23%)

08:57
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Hot Stocks
Breaking Hot Stocks news story on Johnson & Johnson »

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    Nov

08:56
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General news
Redbook Store Sales data reported »

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SRPT

Sarepta

$50.73

0.16 (0.32%)

08:56
10/17/17
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08:56
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Sarepta analyst commentary  »

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  • 06

    Nov

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