Wedbush Maintains Outperform on Pure Storage, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Matt Bryson has maintained an Outperform rating on Pure Storage (NYSE:PSTG) but has reduced the price target from $45 to $40.
November 30, 2023 | 2:16 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Wedbush analyst Matt Bryson maintains an Outperform rating on Pure Storage but lowers the price target from $45 to $40.
The reduction in price target may cause some investors to adjust their valuation models, potentially leading to short-term price fluctuations. However, the Outperform rating suggests that the analyst still has a positive view on the company's prospects, which could balance out the negative impact of the lower price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100