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Vetr: Pure Storage Rally To Continue

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Vetr: Pure Storage Rally To Continue

Shares of Pure Storage Inc (NYSE: 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.

Related Link: Here's How Crowdsourced Ratings Can Beat The Market

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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Disclosure: Javier Hasse holds no interest in any of the securities or entities mentioned above.

Latest Ratings for PSTG

DateFirmActionFromTo
Feb 2019Raymond JamesDowngradesOutperformMarket Perform
Dec 2018Wolfe ResearchInitiates Coverage OnOutperform
Nov 2018Morgan StanleyMaintainsEqual-WeightEqual-Weight

View More Analyst Ratings for PSTG
View the Latest Analyst Ratings

Posted-In: VetrUpgrades Price Target Crowdsourcing Analyst Ratings Tech General

 

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