Morgan Stanley Maintains Overweight on Pure Storage, Raises Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Meta Marshall has maintained an Overweight rating on Pure Storage (NYSE:PSTG) and increased the price target from $43 to $48.
February 29, 2024 | 5:27 pm
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POSITIVE IMPACT
Morgan Stanley has reaffirmed its Overweight rating on Pure Storage and raised the price target from $43 to $48.
The upgrade in the price target by a reputable analyst like Meta Marshall from Morgan Stanley is a strong positive signal for Pure Storage. It suggests confidence in the company's future performance and growth prospects, likely leading to increased investor interest and potentially a rise in the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100