Citigroup Maintains Buy on Pure Storage, Lowers Price Target to $67
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Asiya Merchant maintains a Buy rating on Pure Storage (NYSE:PSTG) but lowers the price target from $75 to $67.
August 29, 2024 | 4:05 pm
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Citigroup's analyst Asiya Merchant continues to recommend buying Pure Storage stock but has reduced the price target from $75 to $67, indicating a more conservative outlook.
The maintained Buy rating suggests continued confidence in Pure Storage's potential, but the lowered price target reflects a more cautious stance on its near-term growth prospects. This mixed signal may result in a neutral short-term impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100