PURE STORAGE AND SK HYNIX COLLABORATE TO DELIVER PERFORMANCE AND ENERGY EFFICIENCY IN HYPERSCALE DATA CENTERS
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Citi Reiterates Buy Rating on Pure Storage (PSTG)
May 29, 2025 6:57 AM EDTCiti analyst Asiya Merchant reiterated a Buy rating and $65.00 price target on Pure Storage (NYSE: PSTG).
The analyst comments "The company beat revenue/op margin expectations and reiterated prior FY26 guidance despite macro uncertainty. Total revs grew +12%yy, reflecting sustained demand, including E-family solutions... More
Evercore ISI Reiterates Outperform Rating on Pure Storage (PSTG)
May 29, 2025 4:51 AM EDTEvercore ISI analyst Amit Daryanani reiterated an Outperform rating and $70.00 price target on Pure Storage (NYSE: PSTG).
The analyst comments "ALL YOU NEED TO KNOW: PSTG reported modest upside to Apr-qtr expectations, as rev/EPS of $779M/$0.29 came in ahead of consensus at $770M/$0.25. Revenue grew +12% y/y, driven largely by continued momentum in Subscription Services (+17.4% y/y), which accounted for more than half of total sales for the first time in company history (52%); Evergreen One TCV grew... More
