Citi starts PureStorage (PSTG) at Buy despite Meta concerns

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Go back to Citi starts PureStorage (PSTG) at Buy despite Meta concerns

Citi Starts Pure Storage (PSTG) at Buy, 'A Leading Beneficiary of AI-Induced Transition to Flash-Based Storage'

March 15, 2024 4:10 AM EDT

Citi analyst Asiya Merchant initiates coverage on Pure Storage (NYSE: PSTG) with a Buy rating and a price target of $65.00.

The analyst comments "We initiate coverage of Pure Storage with a Buy rating and $65 target price, representing 28% ETR. With 100% of its portfolio based on... More