Barclays Maintains Overweight on Pure Storage, Raises Price Target to $51
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Tim Long has maintained an Overweight rating on Pure Storage (NYSE:PSTG) and increased the price target from $42 to $51.
February 29, 2024 | 1:35 pm
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POSITIVE IMPACT
Barclays has maintained an Overweight rating on Pure Storage and raised the price target from $42 to $51.
The upgrade in the price target by Barclays, a reputable financial institution, suggests a strong confidence in Pure Storage's future performance. This is likely to be viewed positively by the market, potentially leading to an increase in the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100