Pure Storage (NYSE: PSTG) has recently received a number of price target changes and ratings updates:

  • 9/21/2016 – Pure Storage was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $14.72 price target on the stock.
  • 9/12/2016 – Pure Storage had its “buy” rating reaffirmed by analysts at Morgan Stanley. They now have a $21.00 price target on the stock.
  • 9/9/2016 – Pure Storage had its “hold” rating reaffirmed by analysts at Robert W. Baird.
  • 9/7/2016 – Pure Storage was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $13.48 price target on the stock.
  • 9/1/2016 – Pure Storage was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $13.48 price target on the stock.
  • 8/31/2016 – Pure Storage was upgraded by analysts at Oppenheimer Holdings Inc. from a “market perform” rating to an “outperform” rating. They now have a $15.00 price target on the stock. They wrote, “Our thesis is largely unchanged. We’re bullish on Pure’s progress toward CF break-even and profitability, and its ability to capitalize on differentiated technology, AFA growth, and on expansion opportunities with new products (especially FlashBlade), new customers, and internationally,”
  • 8/30/2016 – Pure Storage was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $12.72 price target on the stock.
  • 8/29/2016 – Pure Storage had its “buy” rating reaffirmed by analysts at Needham & Company LLC.
  • 8/26/2016 – Pure Storage had its price target raised by analysts at Barclays PLC from $15.00 to $16.00. They now have an “equal weight” rating on the stock.
  • 8/26/2016 – Pure Storage had its “outperform” rating reaffirmed by analysts at William Blair.
  • 8/26/2016 – Pure Storage had its price target raised by analysts at Jefferies Group from $11.00 to $13.00. They now have a “hold” rating on the stock.
  • 8/26/2016 – Pure Storage had its price target raised by analysts at KeyCorp from $17.00 to $18.00. They now have an “overweight” rating on the stock.
  • 8/26/2016 – Pure Storage had its “neutral” rating reaffirmed by analysts at Susquehanna. They now have a $12.00 price target on the stock, up previously from $11.00.
  • 8/26/2016 – Pure Storage had its price target raised by analysts at BMO Capital Markets from $13.00 to $14.00. They now have a “market perform” rating on the stock.
  • 8/26/2016 – Pure Storage had its “positive” rating reaffirmed by analysts at JMP Securities. They now have a $19.00 price target on the stock.
  • 8/26/2016 – Pure Storage had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $20.00 price target on the stock.
  • 8/22/2016 – Pure Storage was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $13.00 price target on the stock.
  • 8/22/2016 – Pure Storage had its “neutral” rating reaffirmed by analysts at Robert W. Baird. They now have a $12.00 price target on the stock.
  • 8/15/2016 – Pure Storage was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $13.00 price target on the stock.
  • 8/9/2016 – Pure Storage was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $13.00 price target on the stock.
  • 8/2/2016 – Pure Storage is now covered by analysts at Wells Fargo & Co.. They set a “market perform” rating on the stock.
  • 8/1/2016 – Pure Storage was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $13.00 price target on the stock.

Shares of Pure Storage Inc. (NYSE:PSTG) traded down 0.07% during mid-day trading on Thursday, reaching $13.65. The company had a trading volume of 351,302 shares. Pure Storage Inc. has a 52-week low of $9.62 and a 52-week high of $20.60. The company’s market cap is $2.68 billion. The firm’s 50-day moving average price is $12.73 and its 200 day moving average price is $12.76.

Pure Storage (NYSE:PSTG) last issued its quarterly earnings data on Thursday, August 25th. The company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.07. Pure Storage had a negative return on equity of 38.48% and a negative net margin of 38.27%. The firm had revenue of $163.21 million for the quarter, compared to analyst estimates of $155.14 million. During the same period in the prior year, the firm posted ($0.33) EPS. The company’s revenue for the quarter was up 92.8% on a year-over-year basis. Equities analysts expect that Pure Storage Inc. will post ($0.63) EPS for the current year.

Pure Storage, Inc provides an enterprise data storage platform. The Company’s storage platform consists of approximately three integrated components, including the Purity Operating Environment, which is its flash-optimized software; FlashArray, which is its modular and scalable all-flash array hardware, and Pure1, which is its cloud-based management and support.

5 Day Chart for NYSE:PSTG

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