JP Morgan Maintains Overweight on Pure Storage, Raises Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Pinjalim Bora has maintained an Overweight rating on Pure Storage (NYSE:PSTG) and increased the price target from $45 to $50.
February 29, 2024 | 4:27 pm
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POSITIVE IMPACT
JP Morgan has maintained an Overweight rating on Pure Storage and raised the price target from $45 to $50.
The increase in price target by a reputable analyst like Pinjalim Bora from JP Morgan is a strong positive signal for Pure Storage. It suggests confidence in the company's future performance and growth potential, likely leading to increased investor interest and potentially a rise in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100