Pure Storage price target raised to $75 from $63 at Citi

Citi raised the firm’s price target on Pure Storage (PSTG) to $75 from $63 and keeps a Buy rating on the shares post the Q3 report. The shares up 20% as results beat expectations and managemewbt announced top-four hyperscaler design win, the analyst tells investors in a research note. The firm says Pure Storage’s accelerated investments next year to will drive meaningful contribution in 2026.