Pure Storage price target raised to $70 from $48 at Lake Street

Lake Street raised the firm’s price target on Pure Storage to $70 from $48 and keeps a Buy rating on the shares. The firm’s new FY26 model now anticipates total revenue growth of 10%, up from a prior 8% forecast, with the key change being that it now anticipates subscription services will grow 20% vs a prior 16% forecast, the analyst tells investors in a post-earnings note.