What's Going On With Pure Storage Stock Thursday?
Portfolio Pulse from Dylan Berman
Pure Storage, Inc. (NYSE:PSTG) shares are trading higher following the company's quarterly earnings announcement. The company reported better-than-expected adjusted EPS and sales for Q1 of fiscal-year 2025 and issued positive guidance for Q2 and the full fiscal year. Several analysts have raised their price targets for the stock.
May 30, 2024 | 6:39 pm
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Pure Storage reported better-than-expected Q1 earnings and sales, and issued positive guidance for Q2 and the full fiscal year. Several analysts raised their price targets for the stock.
The company's strong financial performance and positive guidance indicate potential for continued growth. The multiple analyst price target increases further support a positive short-term outlook for the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100