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PSTG

Pure Storage

$15.64

0.62 (4.13%)

07:42
09/25/17
09/25
07:42
09/25/17
07:42

Pure Storage price target raised to $18 from $15 at UBS

UBS analyst Steven Milunovich met with Pure Storage management and came away more positive after examining its technology differentiation. He believes the new CEO has experience that will prove valuable for both scaling and wooing enterprise customers. The analyst continues to perceive the risk/reward as favorable with positive free cash flow around the corner. Milunovich reiterated his Buy rating on Pure Storage shares.

  • 07

    Dec

  • 11

    Dec

PSTG Pure Storage
$15.64

0.62 (4.13%)

09/22/17
KEYB
09/22/17
NO CHANGE
Target $21
KEYB
Overweight
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.
08/25/17
SMTR
08/25/17
UPGRADE
SMTR
Buy
Pure Storage upgraded to Buy from Hold at Summit Redstone
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.
08/14/17
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.

TODAY'S FREE FLY STORIES

STLD

Steel Dynamics

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1.34 (3.68%)

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RXDX

Ignyta

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0.4 (2.46%)

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PG

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General Electric

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0.46 (1.99%)

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Earnings
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WILC

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MIC

Macquarie Infrastructure

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  • 02

    Nov

BIDU

Baidu

$264.52

-4.45 (-1.65%)

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IBKC

Iberiabank

$80.15

0.05 (0.06%)

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VBTX

Veritex

$27.04

-0.02 (-0.07%)

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  • 24

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BHP

BHP Billiton

$41.56

0.06 (0.14%)

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DRRX

Durect

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TTNP

Titan Pharmaceuticals

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MSA

MSA Safety

$82.20

1.37 (1.69%)

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Earnings
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  • 20

    Oct

SKX

Skechers

$24.03

-1.06 (-4.22%)

, CAI

CAI International

$31.38

-0.05 (-0.16%)

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PYPL

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MXIM

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IMDZ

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NCR

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TACO

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ATHN

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ISRG

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CELG

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PBMD

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AAXN

Axon

$24.62

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DGX

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$93.23

1.18 (1.28%)

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AAXN

Axon

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BPMX

BioPharmX

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MBVX

MabVax Therapeutics

$0.74

0.0248 (3.47%)

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IBKC

Iberiabank

$80.15

0.05 (0.06%)

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DRRX

Durect

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QCP

Quality Care Properties

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FTR

Frontier Communications

$11.48

0.02 (0.17%)

, CHH

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  • 31

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DRIO

DarioHealth

$1.98

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CUBI

Customers Bancorp

$33.16

0.46 (1.41%)

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  • 06

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MVC

MVC Capital

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0.08 (0.78%)

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  • 31

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CELG

Celgene

$135.96

-1.21 (-0.88%)

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