UBS Maintains Neutral on Pure Storage, Raises Price Target to $44
Portfolio Pulse from Benzinga Newsdesk
UBS analyst David Vogt has maintained a Neutral rating on Pure Storage (NYSE:PSTG) and increased the price target from $38 to $44.
February 29, 2024 | 12:18 pm
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UBS analyst David Vogt maintains a Neutral rating on Pure Storage and raises the price target from $38 to $44.
The increase in price target by UBS analyst David Vogt from $38 to $44, while maintaining a Neutral rating, suggests a positive outlook on the stock's value without a strong conviction on stock performance. This adjustment reflects an expectation of higher stock value in the short term, likely due to improved company fundamentals or market conditions. However, the Neutral rating indicates that the analyst sees the stock as fairly valued at its current price or has a cautious view on the company's future performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100