Pure Storage, Inc. (PSTG): Raising PT To $13 - Susquehanna

December 1, 2016 6:47 AM EST
Get Alerts PSTG Hot Sheet
Price: $11.81 +2.25%

Rating Summary:
    14 Buy, 9 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 35 | Down: 31 | New: 11
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Susquehanna analyst, Mehdi Hosseini, reiterated his Neutral rating on shares of Pure Storage (NYSE: PSTG) but raised his price target to $13 after a strong report and guide speak to PSTG's ability to drive operating leverage.

However, he keeps his Neutral rating as he awaits evidence of traction with the new FlashBlade product, which can accelerate operating leverage beyond FY18.

The PT increases to $13 from $12.

For an analyst ratings summary and ratings history on Pure Storage click here. For more ratings news on Pure Storage click here.

Shares of Pure Storage closed at $13.95 yesterday.

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