Pure Storage, Inc. (PSTG) Tops Q3 EPS by 10c; Guides Higher
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Go back to Pure Storage, Inc. (PSTG) Tops Q3 EPS by 10c; Guides Higher
November 24, 2021 8:52 AM EST
Cowen analyst Karl Ackerman raised the price target on Pure Storage (NYSE: PSTG) to $36.00 (from $30.00) while maintaining an Outperform rating.
The analyst commented, "We still like the name and think the story has legs despite shares looking up +10% on the open.... More
November 24, 2021 7:12 AM EST
Stifel analyst Chris O'Cull raised the price target on Pure Storage (NYSE: PSTG) to $33.00 (from $30.00) while maintaining a Buy rating.
The analyst commented, "We reiterate our Buy rating on Pure Storage following another beat-and-raise quarter, driven by strong growth in both product (+37% y/y) and... More
November 24, 2021 7:00 AM EST
Goldman Sachs analyst Rod Hall raised the price target on Pure Storage (NYSE: PSTG) to $34.00 while maintaining a Buy rating following earnings.
The analyst commented, "Pure reported strong FQ3 results as the company cited robust demand across its portfolio of products and... More
November 24, 2021 5:50 AM EST
Shares of Pure Storage (NYSE: PSTG) are up over 15% in pre-open Wednesday as the company reported better-than-expected Q3 results.
Pure Storage reported Q3 EPS of $0.22 to smash the analyst estimate of $0.12. Revenue for the quarter came in at $562.7 million versus the consensus estimate of $530.83 million.
"With Q3 revenue up 37% year-over-year and with increasing profitability, it's clear that Pure... More
