Keybanc has decided to maintain its Overweight rating of Pure Storage PSTG and raise its price target from $34.00 to $39.00.
Shares of Pure Storage are trading down 5.04% over the last 24 hours, at $27.51 per share.
A move to $39.00 would account for a 41.77% increase from the current share price.
About Pure Storage
Pure Storage Inc is a US-based company that provides an enterprise data storage platform that transforms business through a dramatic increase in performance and reduction in complexity and costs. It generates revenue from two sources: product revenue which includes the sale of integrated storage hardware and embedded operating system software and; subscription services revenue which includes Evergreen Storage subscriptions, a unified subscription which includes Pure as-a-Service, and Cloud Block Store, and Portworx. Subscription services revenue also includes professional services offerings such as installation and implementation consulting services.
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