This is what analysts have to say about Pure Storage, Inc. (NYSE:PSTG) after last week.
@Pure Storage, Inc. (NYSE:PSTG) Ratings Coverage Among 25 analysts covering Pure Storage (NYSE:PSTG), 17 have Buy rating, 0 Sell and 8 Hold. Therefore 68% are positive. Pure Storage had 40 analyst reports since October 8, 2015 according to SRatingsIntel. The stock of Pure Storage, Inc. (NYSE:PSTG) earned “Equal-Weight” rating by Barclays Capital on Friday, August 26. The stock of Pure Storage, Inc. (NYSE:PSTG) has “Neutral” rating given on Monday, October 19 by UBS. As per Friday, May 26, the company rating was maintained by Goldman Sachs. The firm has “Outperform” rating by Oppenheimer given on Wednesday, August 31. The rating was maintained by Pacific Crest on Friday, June 16 with “Overweight”. The firm has “Outperform” rating given on Wednesday, November 15 by Wells Fargo. The firm earned “Market Perform” rating on Friday, June 16 by Wells Fargo. Macquarie Research initiated Pure Storage, Inc. (NYSE:PSTG) on Wednesday, June 29 with “Outperform” rating. The stock of Pure Storage, Inc. (NYSE:PSTG) earned “Mkt Outperform” rating by JMP Securities on Wednesday, December 16. Robert W. Baird maintained the shares of PSTG in report on Friday, May 26 with “Hold” rating. Below is a list of Pure Storage, Inc. (NYSE:PSTG) latest ratings and price target changes. 15/11/2017 Broker: Wells Fargo Rating: Outperform New Target: $22.00 Reinitiate The stock decreased 3.75% or $0.63 during the last trading session, reaching $16.15. About 3.02 million shares traded or 75.02% up from the average. Pure Storage, Inc. (NYSE:PSTG) has declined 30.05% since December 24, 2016 and is downtrending. It has underperformed by 46.75% the S&P500. Pure Storage, Inc. engages in building a data platform that enables businesses to enhance performance and reduce complexity and costs worldwide. The company has market cap of $3.67 billion. The firm delivers its data platform through Purity Operating Environment, an optimized software for solid-state memory that offers enterprise-class storage and protocol services; FlashArray and FlashBlade optimized hardware products for solid-state memory to enhance the performance and density of flash, optimize its advanced software services, and reduce solution cost for customers; Pure1, a cloud management and support software; and FlashStack, a converged infrastructure solution. It currently has negative earnings. The Company’s data platform is used for a range of storage use cases, including database applications, large-scale analytics, private and public cloud infrastructure, Webscale applications, virtual server infrastructure, and virtual desktop infrastructure; and helps clients scale their businesses through real-time and accurate analytics, increase employee productivity, improve operational efficiency, and deliver compelling user experiences to their clients and partners. More important recent Pure Storage, Inc. (NYSE:PSTG) news were published by: Livetradingnews.com which released: “Pure Storage Inc (NYSE:PSTG) Bullish Trend” on November 28, 2017, also Prnewswire.com published article titled: “Pure Storage Announces Third Quarter Fiscal 2018 Financial Results”, Thestreet.com published: “Corcept, Pure Storage, Nutanix, VMWare: ‘Mad Money’ Lightning Round” on December 22, 2017. More interesting news about Pure Storage, Inc. (NYSE:PSTG) was released by: Nasdaq.com and their article: “Pure Storage (PSTG) Q3 Earnings and Revenues Beat Estimates” with publication date: November 29, 2017.