Decoding 6 Analyst Evaluations For Pure Storage
Portfolio Pulse from Benzinga Insights
Analysts have provided mixed evaluations for Pure Storage (NYSE:PSTG) with 2 bullish and 4 somewhat bullish ratings. The average 12-month price target is $40.5, down from the previous $43.00. Keybanc's Thomas Blakey raised the target to $43.00, while others like Raymond James and JP Morgan lowered their targets. Pure Storage's financial performance is strong, with a 12.84% revenue growth, a 9.23% net margin, and a 6.59% ROE. The company's market cap is below industry benchmarks, but it has a low debt-to-equity ratio of 0.24.
January 18, 2024 | 1:01 pm
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NEUTRAL IMPACT
Analysts have mixed opinions on PSTG, with a reduced average price target of $40.5. The company shows strong financials with high revenue growth, net margin, and ROE.
The mixed analyst ratings and lowered price targets suggest uncertainty, which could lead to a neutral short-term impact on PSTG's stock price. However, the company's strong financial performance could provide some support to the stock, balancing out the potential negative impact from the lowered price targets.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100