Evercore ISI Group Maintains Outperform on Pure Storage, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group has maintained an Outperform rating on Pure Storage (NYSE:PSTG) but has lowered the price target from $75 to $70.
August 29, 2024 | 1:25 pm
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NEUTRAL IMPACT
Evercore ISI Group has maintained an Outperform rating on Pure Storage but has lowered the price target from $75 to $70, indicating a slightly less optimistic outlook.
The maintenance of an Outperform rating suggests continued confidence in Pure Storage's performance, but the lowered price target indicates a slightly reduced expectation for its stock price. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100