Why Pure Storage Stock Is Rising Thursday
Portfolio Pulse from Erica Kollmann
Pure Storage (NYSE:PSTG) reported better-than-expected Q1 financial results and issued Q2 revenue guidance of $680 million, beating the consensus of $656.13 million. Multiple analysts raised price targets following the company's quarterly results.
June 01, 2023 | 4:48 pm
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Pure Storage reported strong Q1 results and issued higher Q2 revenue guidance, leading to multiple analysts raising price targets.
Pure Storage reported better-than-expected Q1 earnings and revenue, and issued strong Q2 guidance. This positive news has led to multiple analysts raising their price targets, indicating increased confidence in the company's performance and potential for stock price growth in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100