After Goldman Sachs and Raymond James gave Pure Storage (NYSE: PSTG) a Buy rating last month, the company received another Buy, this time from Susquehanna. Analyst Mehdi Hosseini reiterated a Buy rating on Pure Storage today and set a price target of $25.00. The company’s shares closed last Monday at $18.80.
According to TipRanks.com, Hosseini is a 5-star analyst with an average return of 9.8% and a 51.4% success rate. Hosseini covers the Consumer Goods sector, focusing on stocks such as Advanced Energy Industries, Hewlett Packard Enterprise, and Keysight Technologies.
Pure Storage has an analyst consensus of Strong Buy, with a price target consensus of $21.00.
The company has a one-year high of $23.53 and a one-year low of $12.68. Currently, Pure Storage has an average volume of 3.5M.
Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PSTG in relation to earlier this year.
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Pure Storage, Inc. engages in the provision of flash-based storage solutions. Its technology replaces storage systems designed for mechanical disk with all-flash systems optimized end-to-end for solid-state memory. The company was founded by John Hayes and John Colgrove in October 2009 and is headquartered in Mountain View, CA.