Susquehanna lowered the firm’s price target on Pure Storage (PSTG) to $75 from $80 and keeps a Positive rating on the shares. The firm updated estimates following its Q4FY25 report. All in all, the company remains on track to benefit from product portfolio diversification while the migration to a subscription revenue model helps with some sustainability of revenue streams.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PSTG:
- Pure Storage Inc. Reports Record Revenue Amid Challenges
- Pure Storage Inc. Earnings Update: Did it Beat Estimate Forecasts?
- Pure Storage price target lowered to $70 from $75 at Wedbush
- Pure Storage price target lowered to $69 from $72 at Morgan Stanley
- Pure Storage price target raised to $50 from $47 at UBS