B of A Securities Maintains Neutral on Pure Storage, Raises Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Wamsi Mohan has maintained a Neutral rating on Pure Storage (NYSE:PSTG) and increased the price target from $42 to $50.
February 29, 2024 | 3:30 pm
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POSITIVE IMPACT
B of A Securities has maintained a Neutral rating on Pure Storage but raised the price target from $42 to $50.
The increase in the price target from $42 to $50 by a reputable analyst firm like B of A Securities suggests a positive outlook on the stock's value, potentially leading to increased investor confidence and a short-term price increase. However, the maintenance of a Neutral rating indicates that the firm sees limitations to the stock's upside potential in the near term.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90