Pure Storage (PSTG) PT Raised to $77 at BofA Securities

Pure Storage (PSTG) PT Raised to $70 at Lake Street Capital Markets

(Updated - December 4, 2024 8:59 AM EST)

Lake Street Capital Markets analyst Eric Martinuzzi raised the price target on Pure Storage (NYSE: PSTG) to $70.00 (from $68.00) while maintaining a Buy rating.

The analyst commented: "Pure's Q3 print will be remembered less... More

Pure Storage (PSTG) PT Raised to $65 at Stifel

Stifel analyst Matthew Sheerin raised the price target on Pure Storage (NYSE: PSTG) to $65.00 (from $60.00) while maintaining a Hold rating.... More

Pure Storage (PSTG) PT Raised to $47 at UBS

UBS analyst David Vogt raised the price target on Pure Storage (NYSE: PSTG) to $47.00 (from $45.00) while maintaining a Sell rating.... More

Pure Storage (PSTG) PT Raised to $75 at Needham

(Updated - December 4, 2024 7:22 AM EST)

Needham analyst Mike Cikos raised the price target on Pure Storage (NYSE: PSTG) to $75.00 (from $62.00) while maintaining a Buy rating.

The analyst commented: "Pure Storage announced its first design-win with a Top 4 Hyperscaler in... More

Pure Storage (PSTG) PT Raised to $75 at JPMorgan

JPMorgan analyst Pinjalim Bora raised the price target on Pure Storage (NYSE: PSTG) to $75.00 (from $60.00) while maintaining a Overweight rating.

The analyst comments "Pure Storage delivered a robust quarter with Q3 results landing above expectations. The main highlight of the... More

Guggenheim Reiterates Buy Rating on Pure Storage (PSTG)

Guggenheim analyst Howard Ma reiterated a Buy rating and $93.00 price target on Pure Storage (NYSE: PSTG).

The analyst commented: "Amid a wide range of expectations, Pure Storage delivered what we thought was the best possible outcomeannouncing a signed design win with a top 4 hyperscalerwhile its core business also proved resilient. Although Pure wasn't able to disclose which hyperscaler, the size and structure of the deal are mostly consistent with what we expected. Pure will be delivering integrated storage... More

Pure Storage (PSTG) PT Raised to $75 at Evercore ISI

Evercore ISI analyst Amit Daryanani raised the price target on Pure Storage (NYSE: PSTG) to $75.00 (from $70.00) while maintaining a Outperform rating.

The analyst comments "ALL YOU NEED TO KNOW: While numbers were good, the call and the trajectory of this stock will be heavily driven by their ability to scale their new Top 4 cloud win into sizable revenues in CY26 and... More

Pure Storage (PSTG) PT Raised to $78 at Raymond James

Raymond James analyst Simon Leopold raised the price target on Pure Storage (NYSE: PSTG) to $78.00 (from $70.00) while maintaining a Outperform rating.

The analyst comments "We maintain an Outperform rating on Pure Storage, following its beat and raise F3Q25 report that was... More

Pure Storage (PSTG) PT Raised to $75 at Citi

Citi analyst Asiya Merchant raised the price target on Pure Storage (NYSE: PSTG) to $75.00 (from $63.00) while maintaining a Buy rating.

The analyst comments "Shares up 20%+ as results beat expectations/guide and mgmt announced top-4 hyperscaler design win. FY25 guide was modestly increased though mgmt noted... More

Piper Sandler Upgrades Pure Storage (PSTG) to Overweight

Piper Sandler analyst James Fish upgraded Pure Storage (NYSE: PSTG) from Neutral to Overweight with a price target of $76.00 (from $56.00).

The analyst comments: "FQ3 results were better than expected given traditional-sales, but lead metrics struggled. Nonetheless, we are upgrading PSTG from Neutral to... More

Pure Storage (PSTG) PT Raised to $61 at Barclays

Barclays analyst Tim Long raised the price target on Pure Storage (NYSE: PSTG) to $61.00 (from $56.00) while maintaining a Equalweight rating.... More

After-hours movers: Marvell Technology, Salesforce, Okta and more

After-Hours Stock Movers:

Marvell Technology (NASDAQ: MRVL) rose 9% after it delivered strong third quarter results and guidance. Net revenue for the third quarter of fiscal 2025 was $1.516 billion, $66.0 million above the mid-point of the Company's guidance provided on August 29,... More

Pure Storage rallies 17% after earnings beat, strong guidance

Pure Storage Inc (NYSE: PSTG) saw its stock soar more than 17% after the data storage company reported third-quarter earnings that surpassed analyst expectations and provided upbeat guidance for the current quarter and full year.

Pure Storage, Inc. (PSTG) Tops Q3 EPS by 9c, beats on guidance

Pure Storage, Inc. (NYSE: PSTG) reported Q3 EPS of $0.50, $0.09 better than the analyst estimate of $0.41. Revenue for the quarter came in at $831.1 million versus the consensus estimate of $815 million.

GUIDANCE:

Pure Storage, Inc. sees Q4 2025 revenue of $867 million, versus the... More

Pure Storage, Inc. (PSTG) call put ratio 2.3 calls to 1 put into quarter results

Pure Storage, Inc. (NYSE: PSTG) December call option implied volatility is at 88, January is at 62; compared to its 52-week range of 27 to 104 into the expected release of quarter results today after the bell. Call put ratio 2.3 calls to 1 put.

Pure Storage, Inc. (PSTG) call put ratio 3.5 calls to 1 put into quarter results

Pure Storage, Inc. (NYSE: PSTG) December call option implied volatility is at 85, January is at 64; compared to its 52-week range of 27 to 104 into the expected release of quarter results after the bell on December 3. Call put ratio 3.5 calls to 1 put.

Pure Storage, Inc. (PSTG) December 55 straddle priced into quarter results

Pure Storage, Inc. (NYSE: PSTG) December 55 straddle priced for a move of 15% into the expected release of quarter results after the bell on December 3.