Raymond James Maintains Strong Buy on Pure Storage, Lowers Price Target to $42
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Simon Leopold has maintained a Strong Buy rating on Pure Storage (NYSE:PSTG) but reduced the price target from $45 to $42.
November 30, 2023 | 8:13 pm
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NEUTRAL IMPACT
Raymond James reaffirmed a Strong Buy rating on Pure Storage but lowered the price target to $42, indicating continued confidence but with a slightly reduced growth expectation.
The maintenance of a Strong Buy rating suggests that Raymond James continues to see Pure Storage as a good investment. However, the reduction in the price target could reflect a more conservative outlook on the company's growth prospects or market conditions, which may temper investor expectations in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100