Form 8-K Pure Storage, Inc. For: Feb 28
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Pure Storage (PSTG) PT Raised to $54 at Guggenheim, 'Demand Velocity Exiting FY24'
February 29, 2024 5:53 AM ESTGuggenheim analyst Howard Ma raised the price target on Pure Storage (NYSE: PSTG) to $54.00 (from $48.00) while maintaining a Buy rating.
The analyst comments "Going into the earnings print, some investors were concerned that the accelerated opex model transition, coupled with any demand issues potentially implied in the reset FY24/F4Q guidance, would result in initial FY25 revenue guidance for single-digit growth. Instead, as we had previewed, Pure exceeded F4Q... More
