Truist Securities Maintains Hold on Pure Storage, Raises Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained its Hold rating on Pure Storage (NYSE:PSTG) while raising the price target from $46 to $65.
May 30, 2024 | 1:32 pm
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Truist Securities has maintained its Hold rating on Pure Storage (NYSE:PSTG) and raised the price target from $46 to $65, indicating a positive outlook despite the Hold rating.
The increase in the price target from $46 to $65 suggests that the analyst sees potential for growth in Pure Storage's stock price, which is a positive signal for investors. However, the Hold rating indicates a cautious stance, suggesting that while there is potential, there may also be risks or uncertainties.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100