- The shares of Pure Storage Inc (NYSE: PSTG) have received a $44 price target from Northland. These are the details.
The shares of Pure Storage Inc (NYSE: PSTG) have received a $44 price target from Northland. And Northland analyst Nehal Chokshi increased the price target on Pure Storage from $42 while maintaining an “Outperform” rating on the shares.
Chokshi adjusted the rating while noting that the company reported an April quarter revenue that beat guidance by $100 million with approximately $60 million of the beat attributed to large enterprise order pull-forwards and approximately $40 million to better than expected demand. And the July quarter guidance was above consensus and the FY23 revenue guidance was revised up by $60 million, but the updated guidance implicitly lowers the second half of FY23 guidance.
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June 10, 2022 at 11:30AM
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Pure Storage (PSTG) Stock Price: $44 Target And Outperform Rating - Pulse 2.0
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