Evaluating Pure Storage: Insights From 15 Financial Analysts
Portfolio Pulse from Benzinga Insights
Over the past three months, 15 analysts have evaluated Pure Storage (NYSE:PSTG), with a mix of bullish and somewhat bullish ratings. The average 12-month price target has increased to $55.47, reflecting a 21.91% rise from the previous target. Analysts have adjusted their ratings and price targets, indicating a positive outlook for the company despite recent revenue challenges.
May 21, 2024 | 1:00 pm
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Analysts have shown a positive outlook for Pure Storage (NYSE:PSTG) with an average 12-month price target of $55.47, reflecting a 21.91% increase from the previous target. Despite recent revenue challenges, the company's strong net margin, ROE, and ROA, along with low debt-to-equity ratio, contribute to this optimistic view.
The increase in the average 12-month price target and the majority of analysts maintaining or raising their ratings indicate a positive short-term impact on PSTG's stock price. The company's strong financial metrics, such as net margin, ROE, and ROA, further support this optimistic outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100