Shares of Pure Storage Inc PSTG have gained more than 11 percent since September 12. Nonetheless, the Vetr crowd seems to believe the rally will continue, as evidenced by its average price target of $14.72. This target implies a potential return of 8.6 percent from current valuations.
Seeking to better reflect the upside potential, the Vetr community decided to upgrade its rating on shares of Pure Storage on Wednesday, from 3.0 stars (Hold) to 4.0 stars (Buy), out of a possible five-star rating.
Finally, it should be noted that only 66 percent of the crowd’s ratings are bullish at the time, meaning that those bullish are very optimistic on the upside the stock offers.
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