Pure Storage (PSTG) PT Raised to $36 at JPMorgan

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Evercore ISI Removes Pure Storage (PSTG) from Tactical Outperform List

November 26, 2021 6:38 AM EST

Evercore ISI analyst Amit Daryanani reiterated an Outperform rating and $35.00 price target on Pure Storage (NYSE: PSTG) while removing the name from the Tactical Outperform List.

The analyst comments "Pure reported notable upside to street expectations with rev/EPS of $563M/$0.22 vs. street at $531M/$0.12 with robust 37% topline growth driven by (1) strong performance in product (+37% y/y), (2) previously announced hyperscale... More